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Leaving property to grandchild, will or joint ownership now?

I wish to leave my cottage/investments to my 19 year old granddaughter. Would it be better if I made her a legal joint owner on the title deed and investments I am a British citizen and was born and live in England again following many years in Zimbabwe, but my son and granddaughter were born in Zimbabwe and still live there. I am having to put my affairs in order as I only have 2-9 months left due to illness.
Many thanks
Sarah

Comments

  • Marcon
    Marcon Posts: 15,046 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Sarah - so sorry to read you have so little time left. Get yourself some proper advice from a solicitor (preferably a STEP member) to ensure your wishes will be carried out. You really can't rely on 'advice' here when there is so little information given and there is also a foreign jurisdiction to consider in terms of your son and granddaughter's residency.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • Keep_pedalling
    Keep_pedalling Posts: 21,592 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    There is no need to transfer the property now. The priority now is to is to get your will in place so make an appointment with a local solicitor without delay.

    If you have no one in the UK who would make a good executor this is one of those rare cases where using a solisitor might be the best option.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    There is no need to transfer the property now. The priority now is to is to get your will in place so make an appointment with a local solicitor without delay.

    If you have no one in the UK who would make a good executor this is one of those rare cases where using a solicitor might be the best option.
    I would stick with son and granddaughter as executor. They are then completely free to use whatever additional legal advice they need at the time.
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