Answer to: Siblings buying grandparents' home as first time buyers. Please help me identify our blind spots

An attorney needs to explain and if possible plan for risk mitigation if one sibling undergoes a crippling financial setback or liability. For example, one of them causes the wrongful death of a third party and is sued for damages far in excess of insurance coverage. One of them incurs a tax liability far beyond their ability to pay, and the IRS wants to seize the house as an asset. This is not a married couple who are together for better or for worse, so the risk needs to be examined.