Fair Split of Property Settles Sibling Standoff

Owning a vacation property differs greatly from managing one. Just ask two siblings who were gifted a condominium in Vail. 

The siblings formed a limited liability company, and before long, they were booking guests and appeared to be turning a profit. However, as time passed, our client began to suspect their sibling was mismanaging funds. When asked for accounting records, bank statements, and tax receipts, the sibling “ghosted” our client. 

Robinson & Henry executed a settlement agreement on behalf of our client. This allowed the siblings to dissolve their LLC and sell the LLC’s sole asset, the Vail condo. Each sibling received half the property’s sale price, resolving the matter for good.