AITA for not splitting the proceeds of the sale of our parents house?
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A Redditor shares a contentious situation with their siblings over the sale of their late mother’s house. After buying them out of their shares to keep the property, the value of the house skyrocketed. Now that it’s sold, the siblings demand a portion of the profit, claiming it’s only fair, leading to family tensions. Read the original story below to see how this inheritance dispute unfolds.
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‘ AITA for not splitting the proceeds of the sale of our parents house?’
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Here’s how people reacted to the post:
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Do you think the user was justified in refusing to share the proceeds from the house sale since they bought out their siblings fairly, or should they have considered splitting the profits due to family ties? How would you handle a situation where financial decisions create rifts in the family? Share your thoughts below!
This makes me so angry. NTA you did this legally and at the market value when you brought out your siblings. Who gave them the idea they can have profit of sale now? This is your house not theirs. Do not give them any money.
NOPE not the asshole !Alber
Tell your “mom’s sister” (since she’s SO aware of what “Her sister” would be thinking) – she can pay off 1 of your siblings..
and your “dad’s sister” who is SO concerned about shutting them up, can pay the other sibling..
AND the Rest of ANYONE who is siding with them, can pool in & give them interest on the house – plus tips on HOW TO INVEST!!
NTA; by their reckoning if you had all sold the house and you invested your portion while they blew theirs you would owe them money. Only difference is you invested in real estate (smart move) and now you’re reaping the benefits. They lost any right to profits when they signed over their shares. If they had wanted to maintain partial ownership you may have been able to work something out and then when you sold it you all could have gotten a bigger profit. I’ll admit I’m not sure how that would work, but the point is they got their inheritance up front and you don’t owe them anything.
If the opposite had happened, and you took a huge loss on the house, would they have helped you with the loss you took. No. Do not give in to them.
While the siblings are annoying, it’s the OTHER members of the family I want to smack upside the head. They could be helping to de-escalate the situation, but they’re making it worse. I agree with one of the other posters. When you got 1/3 of the Maserati and 1/3 of the boat (when they were new, not as used goods by the way, just in case someone has an idea to try this) then they can have some ground to stand on. Ask your mom’s sister and dad’s sister how much of their property and their savings they’re going to up and hand to your siblings because your siblings want it. “That’s not the same!” Actually, yes it is, they have as much right to your property as they do to anyone else’s. They sold “their” house in 2018.
NTA – ask them if they are going to pay “their” portion of any improvements, taxes, or maintianence while you were living there. I imagine the answer is no. So why would they be entitled to the appreciarion?
Tell them that if they repay you all of the money that you paid them when you bought out their shares in the house, that it would put all three of you on an equal footing. If they are willing to do that, you will then split equally the proceeds from the sale just as you would have back in 2018. News flash, they won’t or more likely can’t because they spent their shares.
Had they invested the money and then sold the stock at triple the price, would you be entitled to a share in their stocks? No. They made the deal they made without any of the risk. The house could have gone down in value too and they certainly wouldn’t have been giving you the money to make up for the loss. Go live your life and ignore the complaints.
had a similar problem on a much smaller scale. my dad gave me a $5,000 policy, my brother a $2,000 policy (because of a bad boat deal that my brother got the best of) and my sister got a camper, but dad was still using it, and had put a slight dent in it, backed into a tree. couple of years go by and she starts complaining my and brothers money and all she was getting was a damaged camper. So I told her we could take her name off the camper, ours off the insurances, and just split everything evenly. She backed off real fast. NTA for not splitting with them. you bought them out fair and square. They blew it.
They got their cash plus half of yours each, you paid out your inheritance plus some if your own and paid the taxes and maintenance on the house…….which part of ” it’s not theirs” don’t they understand. Stand firm, if the family want to give them money,so be it but I bet they won’t.
Once you bought them out, the house wasn’t part of anyone’s inheritance anymore.
If you had lost money when you sold it, no one would feel obligated to chip in and split the loss 3 ways? It has to work both ways.
I absolutely think that the profit from the sale of the house should be split between the three family members. But only after the owner is refunded for the money he paid to buy out the brother & sister. Oh yeh, they already spent it and can’t pay it back. Haha, oh well to bad, to sad.
I bet if you sold the house at a loss, they wouldn’t come to your rescue. The date of the initial sale of the house when you bought them out, is final and everyone agreed to it. Don’t worry about their sorry behinds and poor choices they made. They had the same starting finances as you did. They just made dumb decisions.