ET 11:12

Heir Lake House Dispute: Heir to Buy Out or Partition Estate?

[Para 1: A sibling seeks to sell or buy out a family lake house valued $125K-$150K, held by the brother as trustee since father’s death 14 years ago. The brother continues to pay upkeep and taxes despite no interest in the property.] [Para 2: The sibling, who has expressed no intention to visit or use the lake house, seeks proceeds from its sale. Given the brother’s role as trustee, he has fiduciary duties to administer the estate fairly. The sibling has liquid assets and can pursue a partition action if the brother will not buy out their share.] [Para 3: Recommended steps: Schedule a clear, in-person or high-quality video discussion to state the sibling’s position firmly and politely, propose a buyout at a fair market value, and set a deadline for resolution. If unresolved, seek independent mediation or counsel to force a sale through the courts. The sibling reserves the right to seek proceeds from the property to support personal needs, including family time.]

EditorLim