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Inherited a share of a house, but want out. HELP!!!
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How much is the house worth ?.................
....I'm smiling because I have no idea what's going on ...:)0 -
This sounds unusual, I thought the the rules of intestacy were that everything goes to the surving spouse.
No that is not the case. That is one reason why it is important to have a will.
There is a guide to the rules of intestacy here:-
http://www.hmrc.gov.uk/cto/customerguide/page14-1.htm
Although splitting the assets 4 ways is not the correct outcome.0 -
I'm not exactly sure. Around 300k maybe.
I have no intention of leaving my mother destitute, which I why I'm trying to find a reasonable solution to this situation.
And to the previous post the illness my father died of was so obviously down to long-term emotional distress that all concerned know/knew my mother was partly to blame. He was a good man who kept going in an unhappy marriage for the sake of all his kids, some a lot younger than me...0 -
The only product I can think of that may be viable is some sort of equity release plan.
You can read more about that at the SHIP homepage (a sort of umbrella group which has a code of conduct for memebrs, etc) - http://www.ship-ltd.org/
If all of the owners signed some or all of the house over to a company that would be a way of releasing money, no idea how viable it is though as this isn't really the sort of thing equity release is designed for.0 -
Gluey_1974 wrote: »I'm not exactly sure. Around 300k maybe.
I have no intention of leaving my mother destitute, which I why I'm trying to find a reasonable solution to this situation.
And to the previous post the illness my father died of was so obviously down to long-term emotional distress that all concerned know/knew my mother was partly to blame. He was a good man who kept going in an unhappy marriage for the sake of all his kids, some a lot younger than me...
Get counselling, shafting your mother is not going to bring your father back and is not going to bring you lifelong happiness nor is it going to help your much younger siblings feel secure. Do you really think this is what your dad would have wanted?Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
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PasturesNew wrote: »You've been forgetting to tick the box on your posts in this thread that remove your signature
Why would I want to withhold my signature?
It doesn't mean to me what it means to everyone else. Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
This sounds unusual, I thought the the rules of intestacy were that everything goes to the surving spouse.
No, it's the first X hundred thousand to the spouse, not the whole lot....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
What sort of age is your Mother at?0
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I am just disgusted at the OPs attitude. For goodness sake, your mother gave BIRTH to you. You have one mother, leave her be and stop filling her life with worry. What right have you to stand in judgement. Your father made his wishes quite clear, be a grown up and respect what he wanted0
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