I fear this is what will happen when my mum's parents pass away. Her siblings are already arguing over who gets what. It's disgraceful.

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It's exactly the same in a family business situation. If you buy in, you have to expect that you may not be bought out on your demand. It's the choice and investment you make. It is disgraceful, in some situations. In a housing situation, majority rules - this sense of entitlement is disgusting.

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If only more families had an open, honest discussions about death. I discuss my wishes every five years and preface it on the basis of dying tomorrow. Things change too much over a longer period to agree to a relatively cumbersome way to draw an investment income like in the letter.
Paul's advice is great. Separate investment from family. Family is too important to mix with money, unless it means you can actually get behind helping family through investment (I love his suggestion of investing funds in kids offset accounts at a discount from awhile back).
This just sounds like a joint investment club that one member may not have signed up for and wants out. $300K+ could do a lot for a family member who might be in dire straits, and there's plenty of good places to reinvest, while saving ties with family members who have already been through a lousy experience losing mum. Hope it works out!

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