My MIL has just died and DS and I are the executors of her estate. The estate goes 50:50 to DH and DS (our only child). There will be about £85k cash and the proceeds of sale of a nice semi-det bungalow with gardens, garage etc.
DS and DIL very much want to let the property. We don't. DH and I had always said that we would use our share of the estate to bring our own house fully up to spec (will cost a good £65k) and to have a nice cushion. We are retired, DH is housebound and I am his carer. DS says we can have some of his share of the cash to put towards house repairs so that they get done anyway.
However DH pointed out to me, quite rightly, that if we let the house then he will get share of rent but he doesn't have a great life expectancy so realistically he will not exactly get the benefit of the investment. I see his point of view totally.
DS says he doesn't want a lump sum sitting in the bank when he could have a share of an investment property. I feel he's being selfish but I see where he's coming from.
If it comes to it, can I force a sale. The will states the assets should be sold and funds distributed but reserves power to delay sale if the executors wish. One does wish, one doesn't!
Anyone got any advice? I don't want to fall out with my DS over money but DH and I had so counted on this money to make our old age more comfortable.