QLD Three Executors of Will - How to Make it Fair?

[Kim G]

Hi,

My mother recently passed and she has a very simple will with us three siblings all executors of will. Mum's house is clear of debt and my brother might move in. I live interstate in QLD, the property which has two dwellings, one currently rented is in the NT.

How can we make it fair for all three of us?

Thank you

 

[AllForHer]

This is a question perhaps better asked of the Wills and Estate Planning forum, rather than Family Law.

 

[Rod]

Either sell the property and split the proceeds as per will or retain the property, split rent of rented property 3 ways, and have the brother who is moving in pay commercial rent with 1/3rd going to each brother (ie he pays himself 1/3rd).

If the brother living at the house is acting as manager, pay him 2/3rds of what a rental manager would get for managing the rental property (the other 1/3rd is what he pays to himself).

 

[Kim G]

Thank you