Am I responsible for my late Father's credit card debts?

Paul_Herring

pillsbury wrote:

Interesting what you have said about half the value of a house, i'm not sure I understand enough but it's perhaps a thread we could discuss with a solicitor.

I'm not a solicitor, but I'm going through similar...

I own a house (~£60k) jointly with my mum, and she's had to have her assets valuated.

Because I own half the house, and they can't force me to sell it, mum's half is valued at what "half a house" costs - i.e. how much someone would pay to buy mum's half with me still owning the other half. Needless to say this is a lot less than £30k. (And realistically for what the valuation was for, is £0)

jen_jen_2

much better explained than me - yep this is what i mean, :T

the half a house is not half a valuation but what somebody is prepared to pay