Primary residence transfer in the will
in Deaths, funerals & probate
12 replies 456 views
I wasnt sure if i should make another thread or continue from my previous post, because now i have a question regarding property. But its linked to getting the will written.
So my dad passed nearly a decade ago. Property title has been in mums name since they paid off the mortgage. Ive never seen the original deeds but i believe they are with a solicitor firm that no longer exists. Checked online land registry and its definitely in mums name.
Mum thinks i should be able to have the house transferred into my name after her passing. Asked my brother and he seems completely fine with it. Mum thinks if i sell then i should give him half the value, which is fair. He lives in Canada. But if i dont sell, i can just keep it? So im not sure if this would even be allowed, ive always assumed parents' property gets sold and the proceeds divided.
What would be the best course of action regarding mums will? If i were to be the main beneficiary would that property transfer be allowed? Any tax implications of doing this or only if i sell? Theres so much to think about, im not even sure what to do.
Any advice would be greatly appreciated, thanks.
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Seems a bit harsh that your brother could be excluded because he lives in Canada though. Do you live with your mum?
Surely much easier to say my estate ?
Mayby she just wants to keep the house in the family, but this is rarely a good idea unless you own a country estate.