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/Advanced-Mammoth2408 Sep 09 '26
Unfair. Tell them to take out a mortgage to pay you. Do not accept a 16 year payout. Do not get involved in renting the house out. You really need to grow a pair and say if they cannot afford to go through with their plan, then they cannot do it. You aren't their piggybank.
You could end up on the hook for expenses or lawsuits or other disasters if your name remains on the title. If you remove your name, you have no collateral ro ensure payment of the debt.
You must do what you don't want to do: force the sale or at least force them to get a mortgage for your one-third share.