We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Inherited a property

I recently inherited a small flat in my mums will after the sad passing of both my parents(dad passed first then mum shortyly after) it has been being rented and my mother was getting the income as she had debt and my father was in care home.Mum was in sheltered housing. We were only going to sell after my dads passing to help mum pay off her debt. sadly she passed soon after my dad.
Does that mean her debt must be paid by me if I sell the flat? if so do my mums debtors have to wait till that happens. Or am I not responisble now that flat has been passed to me in her will.
I may prefer to just keep renting it till market pick up
anyone know or can advise I would be grateful.

I live near Glasgow and know often laws differ in north & south.

many thanks

Comments

  • hcb42
    hcb42 Posts: 5,962 Forumite
    I would have personally thought that all debts need to be paid from the estate, before the assets are distributed..I know we settled any outstanding bills etc for my Dad's house before we sold and distributed any of the assets (house, cash in bank etc). This included the taxman.

    who is the executor? What kind of debt was it, it may have been covered by some form of insurance e.g. life insurance?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.