I recently discovered our tenant is lending the residential portion to his sibling.

@Geordy RostadThat makes sense Geordy and in this particular case the son is one of the 3 siblings two sons and a daughter.

There is a $10,000 limit for each beneficiary and sibling on all 529 plans.5.

Will trip to the courthouse reveal that rival siblings inherited the home and can’t agree on terms for selling the property?

But for example, if that person has no children and was never married, then siblings and their descendents would be in line.If they had no siblings, then it would go up the line to parents and their siblings and descendents.Typically, if someone dies without will or known relatives, the probate is handled by the public administrator, who would sell the decedent's assets and find a relative or hold the funds in escrow until it escheats.

As his personal property, his ownership interest in the partnership will pass to his heirs, which may change (from "his daughter" to new wife, kids, siblings, or whoever)Now, the ex-wife could find herself in the position of being partners with the new-wife guardian of the daughter who is still a minor, which might be awkward or even destroy the property.

There are more marriages destroyed, families torn apart, siblings estranged, and future generations fighting and full of hate due to money issues than anything else.

See below please:Theroetically, can my siblings and I do what this article explains: https://www.thetaxadviser.com/issues/2018/sep/leas...What we’d be doing is lease real estate or other property to a closely held C Corporation (controlled and owned entirely by us), either as individuals or through an entity we create to facilitate this transaction.We would lease our property at as close to a realistic FMV as possible, and our C Corp (in the case of rental property for example) would lease this out to tenants.

There are 3 siblings with their hand out for their share of the money so it would have to be a all cash deal.

It sounds like your parents want to leave you and your siblings something (mentions capital gains) which again is the generational dream.