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House Inheritance, Am I Entitled to Anything?
Comments
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Is the daughter insuring the property?
Is she paying the Council Tax or is her mother?
It's not relevant. Whoever is resident pays council tax. The property owner buys building insurance in their own name and if they are not living there it has to be landlords insurance.
As OP has provided no further detail as to who lives where it's a bit of a pointless thread now.
~Laugh and the world laughs with you, weep and you weep alone.~:)
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Your mother will have an equitable interest in the property - probably a resulting trust based on the deposit and the mortgage payments.
She will be entitled to a certain amount of the property's value. She doesn't need to be on the proprietorship register for that.
Her not being on the proprietorship register simply means she is only a beneficiary; not a trustee.
The law states beneficiaries must be consulted before any sale of land takes place.
Your mum can leave her share in the property to you in her will.
Bear in mind that because it doesn't sound like the shares have been declared expressly, a court would have to decide who gets what in the event of a dispute.What will your verse be?
R.I.P Robin Williams.0 -
That would be 50% to mortgage company, 50% to lawyers!Y
Bear in mind that because it doesn't sound like the shares have been declared expressly, a court would have to decide who gets what in the event of a dispute. ~Laugh and the world laughs with you, weep and you weep alone.~:)
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Because we are family It's my opinion that everything should be 50/50, that is how I would do it.
My mum pays for everything and used her money for the deposit.0 -
Because we are family It's my opinion that everything should be 50/50, that is how I would do it.
My mum pays for everything and used her money for the deposit.
It's taken you a year and a half to come back with that one?
That's impressively slow, even in this place.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Because we are family It's my opinion that everything should be 50/50, that is how I would do it.
That might be want you want, but it's up to your mother (and it sounds as though the house isn't hers to leave). Your mother could leave it all 0/0/100, with the cats home inheriting everything.
Impressive, to remember a thread you started in the past and return to it to continue. I cannot remember threads I started a month ago!:heartpuls Mrs Marleyboy :heartpuls
MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote Proud Parents to an Aut-some son 0 -
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Who was "archived user" at the top of this page? Not seen that before.
Hardly worth contributing to this thread that got an update 18 months later.0 -
Who was "archived user" at the top of this page? Not seen that before.
Nope, I've never seen that before either. That's very odd. Even old members who haven't posted for years, and those PPR'd a couple of years ago, haven't been archived. I didn't think MSE did archiving.:heartpuls Mrs Marleyboy :heartpuls
MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote Proud Parents to an Aut-some son 0 -
My mum pays for everything and used her money for the deposit.
Your mother could not get a mortgage because of her credit history.
She reached an agreement with your sister that she would give her a sum of money so that a property could be purchased in your sister's sole name (gifted deposit declared to the mortgagee?)
Your mother now pays the mortgage, council tax and house insurance.
There is no declaration of trust in place that acknowledges your mother's contribution.
In effect your mother is making your sister regular gifts out of income by paying her mortgage?
If your mother were to die your sister would have to take on the mortgage payments.
If the mortgage were to be paid in full before your mother dies, then your mother would have bought a house for your sister?0
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