Sister wants to sell our jointly owned property aboard but I don't ??

[iwanttoholdyourhand]

I need some advice. I jointly own a property abroad with my sister. We are both in our late 40s. She does not work and is on benefits.

She now wants to sell her share of said property and I don't . This property was gifted to us by our mother. It is currently rented out.

The country the property is located in the economy is really bad at the moment and it's already lost £10k of its value. The total value is now around only £50k. I want to wait it out and have plans to eventually semi retire in the country the property is in. I also have very fond memories of spending summers at this place. I really don't want to sell.

However, she wants out now and would like the money. I cannot afford to pay her in excess of £25k. I have suggested given her a small lump sum of £5k and then monthly payments of £500 per month over 3 years. She is angry and is not happy with this suggestion. She would like the money in one lump sum.

AIBU. I work full time and also have a young family. The money I give her will be tax free for her and also I don't think she will declare it to her benefits office.

I really don't want to upset her but think she's being a little unfair.

I'm really not being mean mentioning her benefits situation. She has told me that she won't declare it. That's her choice and nothing to do with me at all.

Sell the house.
Stop obstructing for your own financial benefit.
You have no idea whether she is in real trouble with loan sharks etc - sell the house or give her the full amount owed to her. Do it today.

She sounds lazy and a chancer.

You will 100% have to take your emotions out of this or you'll be the one used and out of pocket, while she happily spends on tat, drink, or some layabout bf.

People like her play on kindness and fog.

If the situation was the other way around, you know she wouldn't help you at all, not a single £.

Her actions have placed her where she is now, nothing else.

I would let this go another 6 to 12 months if you can't buy her out now and not be don't be so reactionary to her whims.

She's survived this long through deception and playing the game, she'll be fine.

She has made some terrible life choices in the past and I have always tried my best to advise and guide her.

She wants her money now I understand and will give it to her but the process will take a long time. I cannot just pay her straight away. There is lots of paperwork to do.

Funny to think you plan to buy her out, but she ends up living in it anyway.

Tricky one, my sympathies with you OP! Totally understand the personal and nostalgic connection too - it’s significant, and can bring you a lot of happiness when you retire there. Hope you can find a way…