We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Probate granted, how to claim house?
socratez
Posts: 94 Forumite
I am the executor of my mother's will and probate has been granted. As part of the will my mother's house is being passed to my siblings and myself, which we will inturn sell. How do I put the house in my name to do this?
0
Comments
-
Don't put it in your name.
Just sell it.2 -
That's what I did with my father's house after he passed away. Any Estate Agent will want to see a copy of Probate but it's a mere formality.MorningcoffeeIV said:Don't put it in your name.
Just sell it.0 -
All your estate agent and lawyer need to sell the house is a copy of the probate grant and your ID.
It is much better to sell directly from the estate, not least as transfers cost money AND are currently taking over a year to sort out at the Land Registry. Why spend money unnecessarily? Yes you can ask the LR to expedite but it may rattle your buyer.
You will need a bank account into which the funds are paid, once other debts are cleared. Check with the lawyer what sort of account they need, before you commission them.If you've have not made a mistake, you've made nothing0 -
Why do you want to put it in your name? Unless there's a reason to do that, why not simply a probate sale by the executor(s) of your mother's estate? The net proceeds are then paid to the estate and the executor distributes to the relevant beneficiaries.socratez said:I am the executor of my mother's will and probate has been granted. As part of the will my mother's house is being passed to my siblings and myself, which we will inturn sell. How do I put the house in my name to do this?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
I am currently selling my mum’s house as her executor. My solicitor has told me that once their fees and estate agent fees plus outstanding equity release is paid off, my stepfather’s 20% share (house owned as tenants in common) will go directly from them into his bank account, and the remaining 80% into mine for me to split between the beneficiaries. They do not require me to have a specific bank account.RAS said:All your estate agent and lawyer need to sell the house is a copy of the probate grant and your ID.
It is much better to sell directly from the estate, not least as transfers cost money AND are currently taking over a year to sort out at the Land Registry. Why spend money unnecessarily? Yes you can ask the LR to expedite but it may rattle your buyer.
You will need a bank account into which the funds are paid, once other debts are cleared. Check with the lawyer what sort of account they need, before you commission them.0 -
My mum passed away in January, my sister and me are executors. I applied for probate, my sister has reserved power. The house sale is going through currently. As probate is in my name only, the estate agents and solicitors are dealing with me and have asked for details of the account into which the proceeds of sale will be transferred once all the debts are paid. I supplied a copy of the probate document to both estate agent and solicitors. It seems relatively straight forward, and no need for the house to be put in my name.0
-
The house which I inherited but wanted to sell to a relative is nearing completion, I didn't change the house to my name either after advice from a solicitor and the good people on here.
Good luck
Sealed Pot Challenge 15 #78
Debt Free: July 2022.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards