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Tenants in common
Elliemiss
Posts: 50 Forumite
If a house is owned as TIC does it have to be written in the will that a surviving tenant can stay there until death? If so what happens if that is written in but the family of 1st deceased contest the will and win? Can they force a sale? Thanks.
2
Comments
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Just realised I posted this in wrong place, meant to post in probate and wills, cam anyone help move it please? Sorry newbie to posting but long time lurker (years). Thanks.0
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Yes, it does.
If the Will is written correctly. The beneficiaries of the deceased cannot force a sale.
Depending on the Will, even if a sale is made (perhaps the survivor needs to move home) the survivor may be entitled to 'lifetime interest' in the deceased's share of the property (to buy a new home until they die, or interest on the funds until they die if no new home is bought).I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.2 -
Thanks for your reply, if it's written in the will do you know what happens if will declared invalid by any chance?0
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It’s a fairly standard clause and unlikely to be invalid or be open to a challenge. What is your reason for asking?0
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