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.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Probate, a house and a difficult sibling

124»

Comments

  • poppystar
    poppystar Posts: 1,752 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    As it seems the house is the issue rather than the estate as a whole is it not possible for sibling 3 to do something at the Land Registry to prevent the change of name without their agreement?

    In fact can whoever gets the LoA actually change the names without agreement of all siblings? Surely there must be something to stop changes without evidence of agreement?

    Also OP how much is the financial part of the estate? Is there enough to pay sibling 3 both their third of that and an amount equal to his share of the house from your and sibling 2s shares?
  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    poppystar wrote: »
    As it seems the house is the issue rather than the estate as a whole is it not possible for sibling 3 to do something at the Land Registry to prevent the change of name without their agreement?

    In fact can whoever gets the LoA actually change the names without agreement of all siblings? Surely there must be something to stop changes without evidence of agreement?

    Also OP how much is the financial part of the estate? Is there enough to pay sibling 3 both their third of that and an amount equal to his share of the house from your and sibling 2s shares?
    In the case of an intestate estate the assets are just lumped together. The executor just has to liquidate the assets such as the house and distribute the net assets of the estate according to the intestacy rules in this case 1/3 to each. Of course if there is unanimity amongst the beneficiaries then a DOV can be done to distribute the estate differently. In the absence of this sort of agreement the executor is legally obliged to liquidate the estate assets and distribute them within a reasonable time usually within a maximum of a year. The executor has no discretion about this and if they don't do the job within a reasonable time then they can be personally liable for any losses.
  • poppystar
    poppystar Posts: 1,752 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    In the case of an intestate estate the assets are just lumped together. The executor just has to liquidate the assets such as the house and distribute the net assets of the estate according to the intestacy rules in this case 1/3 to each. Of course if there is unanimity amongst the beneficiaries then a DOV can be done to distribute the estate differently. In the absence of this sort of agreement the executor is legally obliged to liquidate the estate assets and distribute them within a reasonable time usually within a maximum of a year. The executor has no discretion about this and if they don't do the job within a reasonable time then they can be personally liable for any losses.

    This is what I thought but the OP seemed so sure that the names were going to be changed "at the end of probate" and had been talking as if the house and money were separate issues that I thought I might have missed something!

    Thanks for the clear and concise explanation.
  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    poppystar wrote: »
    This is what I thought but the OP seemed so sure that the names were going to be changed "at the end of probate" and had been talking as if the house and money were separate issues that I thought I might have missed something!

    Thanks for the clear and concise explanation.
    As the estate is intestate the separation of the estate assets is quite irrelevant.
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
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only 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.