in 2011:
Dad (60yo)
Daughter (34yo)
Son 1 (31yo)
Son 2 (8yo)
Very honest to each other family with no history of conflicts.
The story begins in 2011, until today.
1. In 2010, after his parents passed, Dad wants to invest the money they left him to buy a condo, so his 3 kids (Daughter, Son1 and Son 2) can always have a place to live in.
2. Daughter knows a good realtor, so Dad gives $160k to Daughter to buy a condo for the whole family (under her name)
3. In 2011, as planned, Daughter buys a $160k Condo under her name in Florida, and everyone lives in it for a few years.
4. During that time, Daughter takes care of everything, pays taxes, HOA on it etc.
because Dad and Son 1 too oblivious and irresponsible and broke to do it,
and Son 2 too young.
5. In 2017, same realtor finds a miraculous buyer for $355k, proposes it to Daughter and Son 1,
both living together in North Carolina at that moment,
Both agree to sell.
6. After paying the fees and realtors etc,
Daughter receives around $320k.
7. Daughter and Son 1 discuss sharing everything in 3 or 4 right now, or keeping investing together so whole family capital can keep growing.
They both decide to keep investing under Daughter's name and control, like it's always been.
8. At the same moment, Son 1 asks for $10k from his share for his own use.
Daughter agrees.
Son 1 goes to live in Florida with his own $10k.
Daughter stays in North Carolina with the rest.
9. In 2018, Son 1 asks for $50k to invest in risky stocks for the family.
Daughter and Son 1 agree under the condition that if he loses it, it'd be taken out from his share only.
Son 1 loses the $50k investment after 1 year.
10. In 2018, Daughter invests in a $70k house for her to live in, and a $100k trailer park, with tenants living in it.
Both in North Carolina. Both under her name again.
Daughter never informs anyone about where the rest of money went.
320 - (70 + 100+ 10 + 50) = ?
Nobody thought about asking either.
11. in 2019, Daughter invests $20k without informing anyone, to finance her new bf's business.
Which soon flourishes.
12. During these past 2 years, Daughter keeps paying all taxes etc related to those properties.
Daughter also either lives rent free in house, or rents it away, and keeps all benefits for herself.
She also keeps all rents from trailer park's tenants for herself.
While Dad has to pay a rent in Florida for both him and young Son 2.
Son 1 has to live at friends' in Florida because he is broke.
Once again, nobody tells Daughter anything.
13. In 2019, Son 1 who had enough of the situation, organizes a meeting with Daughter,
tells her that it'd be better for everyone if they sell everything now and share fairly.
And asked what she thought a fair share would be, numbers wise.
Daughter agrees in person to sell everything and share.
But refuses to give an estimation of what percentages are owned by each other at that time.
14. Right after, Daughter disappears and stops answering calls.
15. Daughter sends $10k little by little over the course of 7 months to Son 1
without telling him what it was for.
Daughter still refuses to answer calls and questions.
16. In 2020, Daughter sold the $70k house for $180k without informing anyone (info from Zillow and Realtor.com),
Still not answering calls, and refusing to answer any questions about the rest of the real estate in North Carolina.
17. After months of silence, in 2021, Daughter informs everyone that she ever only owed Son 1 and Son 2
one third each of the initial investment, in 2011. 10 years ago.
So around $55k for Son 1, and Son 2. Each.
(So in 2021, she doesn't owe Son 1 anything anymore because of episodes described in 9. and 15.)
Daughter says everything else is hers today because "she has been taking care of it and paying for everything for 10 years."
(Estimation of everything she owns today under her name from that initial $160k family investment:
Over $400k as today's value, without including years of living rent free + rents from tenantsfrom both NC house + trailer park that Daughter always kept)
High tensions rose within the family about all that and today the family is split in 2 teams.
Team A - Dad, Son 1 and Son 2
Team B - Daughter
Dad lives in Florida with Son 2, paying a rent.
Son 1 lives in Florida, paying a rent.
Daughter lives in North Carolina, and keeps everything that is own today. (minus around $55k she says she still owes Son 2)
As today, everything has been done verbally, no written contract exists.
And everything has always been under Daughter's name.
Only around 4 or 5 witnesses can tell all this ever happened.
The situation today:
Team A (Dad, Son 1 and Son 2) wants to sell everything today, and share fairly.
Team B (Daughter) says it's all hers.
Who is right here?
Who is wrong here?
Why?
If Team A is right, what can they do about it?
I am Son 1 by the way.
Thank you for your time.
Dad (60yo)
Daughter (34yo)
Son 1 (31yo)
Son 2 (8yo)
Very honest to each other family with no history of conflicts.
The story begins in 2011, until today.
1. In 2010, after his parents passed, Dad wants to invest the money they left him to buy a condo, so his 3 kids (Daughter, Son1 and Son 2) can always have a place to live in.
2. Daughter knows a good realtor, so Dad gives $160k to Daughter to buy a condo for the whole family (under her name)
3. In 2011, as planned, Daughter buys a $160k Condo under her name in Florida, and everyone lives in it for a few years.
4. During that time, Daughter takes care of everything, pays taxes, HOA on it etc.
because Dad and Son 1 too oblivious and irresponsible and broke to do it,
and Son 2 too young.
5. In 2017, same realtor finds a miraculous buyer for $355k, proposes it to Daughter and Son 1,
both living together in North Carolina at that moment,
Both agree to sell.
6. After paying the fees and realtors etc,
Daughter receives around $320k.
7. Daughter and Son 1 discuss sharing everything in 3 or 4 right now, or keeping investing together so whole family capital can keep growing.
They both decide to keep investing under Daughter's name and control, like it's always been.
8. At the same moment, Son 1 asks for $10k from his share for his own use.
Daughter agrees.
Son 1 goes to live in Florida with his own $10k.
Daughter stays in North Carolina with the rest.
9. In 2018, Son 1 asks for $50k to invest in risky stocks for the family.
Daughter and Son 1 agree under the condition that if he loses it, it'd be taken out from his share only.
Son 1 loses the $50k investment after 1 year.
10. In 2018, Daughter invests in a $70k house for her to live in, and a $100k trailer park, with tenants living in it.
Both in North Carolina. Both under her name again.
Daughter never informs anyone about where the rest of money went.
320 - (70 + 100+ 10 + 50) = ?
Nobody thought about asking either.
11. in 2019, Daughter invests $20k without informing anyone, to finance her new bf's business.
Which soon flourishes.
12. During these past 2 years, Daughter keeps paying all taxes etc related to those properties.
Daughter also either lives rent free in house, or rents it away, and keeps all benefits for herself.
She also keeps all rents from trailer park's tenants for herself.
While Dad has to pay a rent in Florida for both him and young Son 2.
Son 1 has to live at friends' in Florida because he is broke.
Once again, nobody tells Daughter anything.
13. In 2019, Son 1 who had enough of the situation, organizes a meeting with Daughter,
tells her that it'd be better for everyone if they sell everything now and share fairly.
And asked what she thought a fair share would be, numbers wise.
Daughter agrees in person to sell everything and share.
But refuses to give an estimation of what percentages are owned by each other at that time.
14. Right after, Daughter disappears and stops answering calls.
15. Daughter sends $10k little by little over the course of 7 months to Son 1
without telling him what it was for.
Daughter still refuses to answer calls and questions.
16. In 2020, Daughter sold the $70k house for $180k without informing anyone (info from Zillow and Realtor.com),
Still not answering calls, and refusing to answer any questions about the rest of the real estate in North Carolina.
17. After months of silence, in 2021, Daughter informs everyone that she ever only owed Son 1 and Son 2
one third each of the initial investment, in 2011. 10 years ago.
So around $55k for Son 1, and Son 2. Each.
(So in 2021, she doesn't owe Son 1 anything anymore because of episodes described in 9. and 15.)
Daughter says everything else is hers today because "she has been taking care of it and paying for everything for 10 years."
(Estimation of everything she owns today under her name from that initial $160k family investment:
Over $400k as today's value, without including years of living rent free + rents from tenantsfrom both NC house + trailer park that Daughter always kept)
High tensions rose within the family about all that and today the family is split in 2 teams.
Team A - Dad, Son 1 and Son 2
Team B - Daughter
Dad lives in Florida with Son 2, paying a rent.
Son 1 lives in Florida, paying a rent.
Daughter lives in North Carolina, and keeps everything that is own today. (minus around $55k she says she still owes Son 2)
As today, everything has been done verbally, no written contract exists.
And everything has always been under Daughter's name.
Only around 4 or 5 witnesses can tell all this ever happened.
The situation today:
Team A (Dad, Son 1 and Son 2) wants to sell everything today, and share fairly.
Team B (Daughter) says it's all hers.
Who is right here?
Who is wrong here?
Why?
If Team A is right, what can they do about it?
I am Son 1 by the way.
Thank you for your time.
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