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Gifting a property after father passes away
NikChik84
Posts: 13 Forumite
Hi,
My father has terminal cancer and is due to remarry next week. His current Will will become invalid and he may not have the time and health to redo a new will. Which means his then wife will inherit most of his estate. His wish is for her to transfer the property he owns outright to me. He doesn't live in it, his partner has her own place which she has her own mortgage on. The value of the house is approx £240,000, my father paid £90,000 for it in 1999 so the value has increased some what.
I'm interested to know the fees that would be payable in the event of the gifting of the house into my name. Does anyone know much about this?
My father has terminal cancer and is due to remarry next week. His current Will will become invalid and he may not have the time and health to redo a new will. Which means his then wife will inherit most of his estate. His wish is for her to transfer the property he owns outright to me. He doesn't live in it, his partner has her own place which she has her own mortgage on. The value of the house is approx £240,000, my father paid £90,000 for it in 1999 so the value has increased some what.
I'm interested to know the fees that would be payable in the event of the gifting of the house into my name. Does anyone know much about this?
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