If 50% of the estate belongs to your parents and there’s already a tax entity for the trailer, then in this example they would go to forced arbitration to draw up their portion of the land ownership and get their single family tax rebate, and the other half of the property would be the part that starts getting a vacancy tax. I’d imagine with a timeline like six months there’d be a whole lot of arbitrations in the short term to settle existing arrangements like this one. Honestly I’m curious what the land ownership looks like already for the trailer - if they can legally stay on the estate then there must be a portion of the ground that already legally belongs to them.
No part of the land is directly owned by my parents. It is owned by the estate, which is 50/50 between my parent and my uncle. Trust me if my parents owned the land under their trailer they would be a lot less stressed.
Like I said them continuing to live there is not an issue. Maybe if my uncle pressed it it would become one, but all he wants is 100k +. So he really doesn’t care beyond that.
Unfortunately his wants aren’t compatible with the reality of the situation.
No one has pursued a forced arbitration, and honestly I’m not sure why. Per the lawyer it seems like the property can exist in limbo indefinitely, or at least until one party forces something. It’s a weird stalemate of unrealistic expectations. He wants a lot of money, but also doesn’t want to pay a lawyer himself or do any work. As long as this continues my parents keep their home at least.
If 50% of the estate belongs to your parents and there’s already a tax entity for the trailer, then in this example they would go to forced arbitration to draw up their portion of the land ownership and get their single family tax rebate, and the other half of the property would be the part that starts getting a vacancy tax. I’d imagine with a timeline like six months there’d be a whole lot of arbitrations in the short term to settle existing arrangements like this one. Honestly I’m curious what the land ownership looks like already for the trailer - if they can legally stay on the estate then there must be a portion of the ground that already legally belongs to them.
No part of the land is directly owned by my parents. It is owned by the estate, which is 50/50 between my parent and my uncle. Trust me if my parents owned the land under their trailer they would be a lot less stressed.
Like I said them continuing to live there is not an issue. Maybe if my uncle pressed it it would become one, but all he wants is 100k +. So he really doesn’t care beyond that.
Unfortunately his wants aren’t compatible with the reality of the situation.
No one has pursued a forced arbitration, and honestly I’m not sure why. Per the lawyer it seems like the property can exist in limbo indefinitely, or at least until one party forces something. It’s a weird stalemate of unrealistic expectations. He wants a lot of money, but also doesn’t want to pay a lawyer himself or do any work. As long as this continues my parents keep their home at least.