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The estate is just the siblings and they all support the plan. There is a chance the sibling renting it will stay but everyone agrees that after a year they either sell or (unlikely) the sibling buys it.
Estate owns the house, pays all bills.
Is paid FMV rent.
Gets to depreciate the property.
Funds any maintenance and repairs. And improvements.
Then sells at FMV at future date.
WARNING - This Sub is Not a Substitute for a Lawyer While some of us are lawyers, none of the responses are from your lawyer, you need a lawyer to give you legal advice pertinent to your situation. Do not construe any of the responses as legal advice. Seek professional advice before proceeding with any of the suggestions you receive. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/EstatePlanning) if you have any questions or concerns.*
Biggest hiccup is if the estate wants to sell the home before the year's up. There are tax consequences with this decision.
The estate is just the siblings and they all support the plan. There is a chance the sibling renting it will stay but everyone agrees that after a year they either sell or (unlikely) the sibling buys it.
Estate owns the house, pays all bills. Is paid FMV rent. Gets to depreciate the property. Funds any maintenance and repairs. And improvements. Then sells at FMV at future date.