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Changing Property Title Deeds
Comments
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Keep_pedalling wrote: »What the will says is crucial (assuming he made one) the proper way to do it would be to leave your share to your children, with a life interest trust in place for the survivor
If he simply left his share to his children or died intestate then they now own that share outright, and it would seem reasonable that they register their ownership of it, especially as they could actually force a sale if they wished to do so.
This is another very serious worry!0 -
Keep_pedalling wrote: »It does sound like they just want to have the ownership recorded, so the OPs mother needs to keep it friendly. Apart from being able to force a sale they could resonably be asking for rent for their share as well.
She probably should not mention that because of the lack of a lifetime trust being in place, her partners daughters may face a capital gains tax bill when the property is eventually sold. Her children however won’t.
We think this is a very real possibility!0 -
At some point the issue of who will be/is financially responsible for the upkeep of the property might arise as well, new boiler, broken roof tiles etc.Seen it all, done it all, can't remember most of it.0
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What has been done between the death and now?
9 month is plenty of time to have sorted out the legal and beneficial title by those dealing with the estate and any surviving owner.
why are you involved as neither a legal owner or a beneficiary?0
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