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Do we have to transfer property before selling
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Sosto
Posts: 1 Newbie
My father died recently leaving his own house and a rental property (both mortgage free), as well as stocks and shares. As executors, my sister and i have obtained probate etc and settled the IHT and will legacies using the sale of the stocks and shares. Other than a bit of cash, we now just have the two houses to split between us. As they are worth about the same, we decided it makes sense to have a house each. I would like to keep the rental property and obviously this would need to be transferred into my name. My sister will therefore have my father's house but she does not want to keep it and wants to sell it. Do we need to transfer it into her name first or can we go ahead and sell it and she keeps all the proceeds from the sale? (Both properties are registered)
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Probate gives the executors authority to sell estate property, they don't need to be named as the registered proprietors.2
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