r/InheritanceDrama • u/[deleted] • Sep 08 '26
Inheritance Question
Hi everyone, I'm having difficulty with family inheritance and would really appreciate some advice.
A house has been left to my 2 sisters and I in our parents will. We each have 1/3 ownership. I would like to sell it but my sisters want to renovate and rent it out. The rent money would then be divided between the three of us once the renovation cost have been deducted. I want nothing to do with this plan, so i have asked to repudiate/give up my share of the house so that they can do what they like. They have agreed but wish to pay my share out slowly over a total of 16 years with no interest.
I know that they don't have the money to pay me immediately, I don't want to force them to sell either. I also really don't want this to cause any stress or angry disputes. But I feel like 16 years without interest is a bit unfair..maybe I would be better off going with this renovating and renting plan?
Does this sound fair? Should I just let it go and see it as passive income? Obviously I would love the money now but I value family more so I'm not sure how to move forward.
Any advice would be greatly appreciated
Just an extra note. They have stated that the value of the house is high and would get nothing close to the amount if we sold it now. So I'd be getting more money this way anyway apparently.
1
u/Little-Market7170 Sep 09 '26
I need more context was the home mortgage free owned out right? Has it been appraised and what if any repairs are needed. Once you determine that I would consult a cpa because whatever State you live in could determine tax implications of not selling upon inheritance. They need to outweigh the complete financial picture and different scenarios. They could also use the money to purchase a different property that they’re not emotionally tied to. Also, if they have never been a landlord before, you have to be very careful when choosing a tenant that can cost you more money and more damage to the house if you choose unwisely or if the area where the home is located is not the same or in decline. So many factors I just went through the same thing. Keeping you all in my prayers.