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quit claim

October 2nd, 2007 at 01:35 pm

Last week I wrote a letter to my FIL. If you remember, he asked us for $12,000 to put a new roof on his house.
The house was deeded equally to his 3 sons when his wife died 15 years ago.
Since his other sons live in the same town and we live 600 miles away, I suggested in my letter than my dh quit claim his share of the house to the middle brother.
Middle brother lives on the lake, drives big fancy cars, has 5 horses and I just found out also has developed 7 more acres on the lake to sell.
So dh called his father last night, hoping he would not be mad. He wasn't, he liked the idea of middle son inheriting the entire house. He has already given him a bunch of antiques including several old packards.
I am not sure how my dh really feels about this, but I am glad to not have to worrry about keeping a house maintained that is 600 miles away.
We had rentals once (3) and we learned our lesson the hard way. We wound up losing money on all of them.

Posted in Uncategorized | 1 Comments »

1 Responses to “quit claim”

  1. Aleta Says:
    October 2nd, 2007 at 01:44 pm 1191332680
    1191332680

    Ima: I'm sure that your husband isn't happy about it since your fil already left alot of really expensive items to the other brother. I have a simiiar situation in my own family and it can feel like a slap in the face. I think that decision on your parts was a wise one. That's just one more thing as you said that you don't need in your life right now. If you were to take that $12,000. that you were going to pay to repair that roof and invest it, you might find your share of the house will probably be larger by investing it rather than inheriting 1/3 of it. Not to mention all of the traveling and other expenses that could be involved. I think you came out OK from this one.

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