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
Tenancy in Common upon death
Comments
-
Okay, hoping that I've got longer than 6 months to live, what wold the outcomes be under marriage?
And actually, outside of marriage too!
Many thanks again
I think the answer is that it all depends on what you put in your will.
At present, assuming you have no will and you live in England or Wales, then your half of the house will be inherited by your children and it will be up to them to come to some arrangement with your partner as to what happens from that point - possibilities include selling the house and splitting the proceeds, your partner buying the children out or him paying the children rent to continue living in the property.
Once married, then if you die intestate, your personal posessions and assets up to £250,000 would be inherited by your husband, with any excess divided between your children.
So neither gives the outcome you desire - you really need to get a will drawn up to achieve your desired result. And if you do it before you get married, make sure the will acknoledges the forthcoming marriage, otherwise the I think marriage invalidates it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
