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Property Inheritance Conflict

My brother and I do not get along or should I say despise each other. My parents are getting old and I’m not sure what’s the best way to go about splitting up parents home that they want for the both of us to have.

While my parents are still alive, would it be wise to have my brother buy my portion out and he can keep the house now? My portion would be 500k, he would give me 200k upfront and owe me 300k w 3.5 interest for 30yrs.

Or should we do a living trust and only obtain our portions when my parents pass.

First option sounds nice to have liquid cash right now, but he would inherit my parents low property tax for that house and pretty much live in the house for dirt cheap while I have to pay so much property tax for my current house. It’s not fair that they keep the house while I have to go find another house and pay high interest rates plus property tax. Not to mention, him owing me 300k at 3.5% interest rate over 30 years when he inherits after 6-7 years. It’s not fair for him to keep the house? Unless we agree on a fair house value?

Does anyone have suggestions?

submitted by /u/Substantial-Guide-35
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/17qjcb2/property_inheritance_conflict/
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