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.
🔔 Today's the final day to apply to become an MSE Forum Ambassador

Should I add my name on deed or not?

babss
babss Posts: 48 Forumite
Part of the Furniture 10 Posts Combo Breaker
Hi looking for advice on having my name added onto the deeds of my mothers house. She owns her own home as my sister and I gave her the money for it. I have been told that if Mum adds my name to the deeds that the house will automatically be transferred to me on her passing (my sister can't be added for financial reasons). However what I would like to know is that if Mum puts my name on the deeds will I be liable to pay the rates? as at the minute Mum gets rates relief as Mum is a pensioner (late 70's). The house is valued about £80000, she won't write a will and we are afraid that if anything should happen that some else in the family might stake a claim to the property.
would appreciate any help or advice on this matter
Thankyou Babss

Comments

  • Old_Git
    Old_Git Posts: 4,751 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Cashback Cashier
    babss wrote: »
    Hi looking for advice on having my name added onto the deeds of my mothers house. She owns her own home as my sister and I gave her the money for it. I have been told that if Mum adds my name to the deeds that the house will automatically be transferred to me on her passing (my sister can't be added for financial reasons). However what I would like to know is that if Mum puts my name on the deeds will I be liable to pay the rates? as at the minute Mum gets rates relief as Mum is a pensioner (late 70's). The house is valued about £80000, she won't write a will and we are afraid that if anything should happen that some else in the family might stake a claim to the property.
    would appreciate any help or advice on this matter
    Thankyou Babss

    see a solicitor and get proper advice.If you put the house in joint names you dont automatically inherit her half .Your mother needs to make a will.Have you considered what would happen if your mother needed to go into a care home .
    "Do not regret growing older, it's a privilege denied to many"
  • Ticked
    Ticked Posts: 518 Forumite
    Part of the Furniture 100 Posts
    I strongly second Old Git. Go and get proper advice, you could regret it if you don't.
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
  • 348.8K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.6K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 176K Life & Family
  • 254.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support 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.