I bought my parents’ house at below-market rate — my sister wants me to give her $50K to build my mother an annex. Is that fair?

My mother turns 81 this year. For years, she and my sister talked about building an annex onto my sister’s house so my mom could move in with her. My mom promised to pay for the addition.

It would have been easy to finance all of this by selling my parents’ fully paid-off house. But to complicate matters, my stepfather decided he wanted to stay in their house, and not move to my sister’s house. COVID has, of course, sent construction costs skyrocketing. My sister has informed me that she now doesn’t have enough money to complete construction on the addition for our mom. In her mind, because my parents’ home was appraised at $800,000, my mom’s trust should get $400,000 from the sale.

We are fighting about this pretty hard, and it’s bringing up a lot of resentments. My sister feels I’m being selfish because I got our parents’ house for a “song.” I feel resentful, because I never wanted the house and have constrained myself financially so the three of them could have what they wanted — and now I’m being asked to stretch myself even more.

Change family

I am recently in your country, looking for new friends

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech sell-off drags stocks lower, pulling market below highsA sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. Yeah, it's called laundering. Bloomberg Well, unlike the era of social media/big data. The emerging industries of space can even been done in Brownsville Texas, Space X or Huntsville Alabama. The era of the big blue states dominated tech is over.
Source: latimes - 🏆 11. / 82 Read more »