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What happens when parents die?

Legacy_user
Legacy_user Posts: 0 Newbie
in House buying, renting & selling
Do most of the time, they pass the house down to the children or have they already sold it?
«1345

Comments

  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    Bit of a strange question, but depends on a number of things.

    Some elderly people go into care, and their homes are sold to fund that.

    If they have made a will, they could leave the house (and its inherent value) to the local cats home!

    Have you a particular scenario in mind?
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Have they made a will?
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It is a strange question, it also doenst make a lot of sense (when you say 'have they sold it'
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    Not every parent has a house to leave or sell.. strange question.
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    sorry, I don't think they've made a will but I was wondering what percentage if you like do they pass it down to the children?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Are you asking, what happens to the assets of someone who dies without making a will?.
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    Norman_Castle wrote: »
    Are you asking, what happens to the assets of someone who dies without making a will?.

    not really, just like what percentage of parents will give their house to their children
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    It depends on how the property is owned. Under some circumstances the surviving spouse automatically inherits the other's share upon death.

    If there is no will and there is no surviving spouse there is a formula to calculate who inherits what percentage.
  • danothy
    danothy Posts: 2,200 Forumite
    Part of the Furniture Combo Breaker
    berbastrike wrote: »
    sorry, I don't think they've made a will but I was wondering what percentage if you like do they pass it down to the children?
    berbastrike wrote: »
    not really, just like what percentage of parents will give their house to their children

    Your question doesn't make a great deal of sense to be honest. Are you looking for the percentage of parents (whether or not they had property to leave) that leave property to their children or the percentage of parents that leave property to their children only starting with the parents who owned property? Or some other permutation? Or are you looking for the odds that you yourself will be left property? Because that doesn't have a lot to do with the percentages.

    Of course if you just want a quick answer then it's 15%.
    If you think of it as 'us' verses 'them', then it's probably your side that are the villains.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It's unlikely to be something that's researched by the National Statistics Office, I'd suggest.....

    You're just looking for the proportion, out of the total number, of parents who leave their house to their children, instead of disposing of it by other means?
This discussion has been closed.
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