Property A: 3-bed flat in a decent location, say, worth $100k
Property B: 2-bed flat in a marginally worse (but still decent) location, say, worth $75-80k
Person X and person Y both inherited 50% of the above properties and now there are discussions about how to best manage the situation. Without getting into details, the options agreed between X and Y are the following:
Person X takes full ownership of property A and gives up their inheritance rights of property B. Which means Person Y will then have full ownership of property B. No difference has to be paid from X to Y, because they agreed they don't want to.
They both keep the current split of 50% each for each property
Which option is better / more financially sound for person X?