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House Ownership
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Yes, she has been reading this thread.To: (my name)
(address of Mum's property)
I hereby give you notice of my intention to sever as from this day the joint tenancy in equity of and in the property (address of Mum's property) registered at HM Land Registry under Title Number XXX now held by you and me as joint tenants both at law and in equity so that the said property shall henceforth belong to you and me in equal shares.
Any observations please? The only name mentioned on this document is mine.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
No technical expertise, but some things I feel like mentioning
1 I sincerely hope you have made your own will - you have 2 sons and I doubt intestacy rules would make you happy
2 Retaining your half share protects half the value in the house, in case your mum needs to go into care......
3 It is in your son's interest for his share not to be depleted by care home fees, so there could be a risk that your mum could eventually be dependent on his care and attention. Please keep in touch with her, trying to avoid arguments about the behaviour of your son. She does have 2 grandsons, and may be feeling a tad forgotten!0 -
If Mum leaves her share to one/two grandsons will they be liable for CGT (or any tax) on her death?
Will I be liable for any tax on her death (I have owned half share for approx 18 years)?0
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