Skip navigation

Seeking Financial Advice Regarding Inherited Money

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Feb 22, 2024 3:25 am

I am not sure if this is the right place to ask, but it was suggested by someone so here goes…

Recently, I inherited a portion of my late mother's estate, which included my sister's house valued at $120,000. The house was in my mom’s name and was therefore included in the estate. When the estate was divided, my four sisters and I each received $200,000.

Here's where it gets complicated: my sister had the option to either let the fiduciary sell the house as part of the estate, which would have been equally distributed between us, leaving her without a house. Alternatively, she could buy it for $120,000, which she chose to do. Now, she owns the house outright, which is great for her. However, she's now suggesting that each of us contribute an $30,000 towards the cost of her house. she views the $30,000 at hers and she in fact said, “ you are taking money out of my kids pockets by keeping the 30,000.”

This proposal seems incredibly unfair to me. Our mom's will didn't mention anything about this arrangement, and she didn't pay off any of our other houses. I'm baffled by the suggestion, and it's causing tension in our already fragile family dynamic.

Initially, I considered going along with the idea to keep the peace, but upon further reflection, I realize it's simply not fair. My friends agree with me, but I'm seeking unbiased opinions and financial advice on how to handle this situation.

Any insights or recommendations you can provide would be greatly appreciated. Thank you for your help and guidance.