This is sort of a combined business and inheritance conundrum, and any help would be so appreciated.
I am the youngest of four siblings. My parents, now deceased, owned a high-value lot in City X. Sibling 1 and 2 still live in City X. Sibling 3 has moved to a different country. I live in City Y, which is about 10 hours away from City X.
So far, Sibling 1 has temporarily converted the lot into a space for their small business (which everyone was fine with). We are now discussing how all siblings might profit from this lot.
Sibling 1 and 2 are proposing that we put up a commercial building where everyone can house their business of choice. However, this feels impractical for Sibling 3 and me, since we no longer have any presence in City X.
Might anyone here be able to suggest something outside of selling/leasing out the lot?
Some kind of profit-sharing scheme maybe? I don't know if this is wishful thinking, but I really want to settle this amicably. I don't desperately need the money, and I doubt I can get "my fair share", but it would be nice to have a small revenue stream from this.
Submitted August 29, 2021 at 08:40AM by themushroomroom https://ift.tt/3BmAviC
