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Passing ownership over to 3 people via will. Query..?
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But a point made earlier stood out for me - none of us 3 want to be inheriting any debts. How do you protect against that? My mum has no debts to my knowledge, but we certainly don't want to be lumped with any nasty bills.
You can't inherit debts. If there is enough money in the estate, the debts are paid first, before the estate is distributed. If there is no/not enough money in the estate then any unpaid debts die with the debtor.I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0
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