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One vendor passed away of separated coue
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On the death of her husband the wife immediately became the sole legal owner but she holds it on trust for herself and whoever else has a beneficial interest.What am I missing?
If they owned as TIC and the husband's will specified his share was to be inherited by me, I'd be contesting any claim by the wife that she was the sole legal owner........!
The title will still have the usual tenants in common restriction on selling without the involvement of a 2nd person, presumably to ensure the sole legal owner cannot just sell up and keep all the proceeds.0 -
Its possible the wife was selling up reluctantly to give the husband a share of the equity. If they 'were joint tenants and she now owns it all any need to sell may have gone.
As you can see there are lots of potential scenarios. You need more information and clarity about who owns it now and what their intentions are. Unfortunately they are caught up in a bereavement situation and may not be in the best place to say.
Possible but there is a onward purchase.0 -
getmore4less wrote: »Possible but there is a onward purchase.
Which she could now decide to pull out of.How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0 -
I was basing the question on the assumption that she plans to carry on with the sale.
Of course we are aware that she perhaps was being forced to sell or a life insurance policy may pay out and she no longer has to sell. But that means it's over and there's nothing we can do about that. Hopefully find out in the week.0 -
Good luck, and let us know how you get on (it helps other people in the same situation reading threads later on).0
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Current update is, we are still waiting.
As they were in the middle of divorce it's going to be a pain. It's all ok on the front of using a trustee but that can't be done until the agreement regarding the divorce is finalized so that's happening now.
Nobody can give us an idea of timescales, it's anyone's guess. We had a message from the other side saying they can't give timescales but it won't be sorted quickly.
It's a shame, but we are thinking about pulling out to rent as we can't stay much longer where we are. Hate to think about losing all the fees and the solicitors fees but, we have to move on at some point.0 -
Current update is, we are still waiting.
As they were in the middle of divorce it's going to be a pain. It's all ok on the front of using a trustee but that can't be done until the agreement regarding the divorce is finalized so that's happening now.
Nobody can give us an idea of timescales, it's anyone's guess. We had a message from the other side saying they can't give timescales but it won't be sorted quickly.
It's a shame, but we are thinking about pulling out to rent as we can't stay much longer where we are. Hate to think about losing all the fees and the solicitors fees but, we have to move on at some point.
You can't divorce a dead person.Mortgage started 2020, aiming to clear 31/12/2029.0 -
Mortgage started 2020, aiming to clear 31/12/2029.0
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