My brother is Trustee. It's a fairly straightforward Trust.....cash, bonds, condo.....but communication has been difficult.
In June of 2015, he sold his house in TX and moved into Mom's condo in FL (Mom was in AL). Mom passed in late October, 2016. My Mom's beachfront condo is a significant piece of her estate, valued @$450K.
My brother wants to buy the condo but also wants an additional discount based on his work as Trustee. OK, understandable, BUT....he has lived in Mom's condo since June, 2015 w/her or her Estate, since she passed, paying all expenses.....so....for FREE.....
These beachfront condos rent for $5000/month during Jan//Feb/Mar....
No....we never asked him for rent. I live and work 2000 miles away, my sister lived overseas, the condo was vacant.....we all tried to do a "tag team" effort in visiting her....we would stay in her very lovely condo.
My sister and I are not trying to be greedy...we want the estate settled and are happy if brother wants to buy the condo, BUT....we feel that he is being petty....yes, greedy....on this "discounted" price (his purchase price would already be $150K below valuation).
Were we stupid/naive in not asking him to pay rent? Or.....are we way out of line in thinking his demand is a bit much? Or....both....???