If I were to die would my house HAVE to be sold to pay off these debts?

Sea_Shell

fatbelly said:

Who do you have as executor of the will? If your daughter is an adult, she may be a good choice so that she stays in control of the process.

I was going to ask who is your executor?    As you say that your Daughter is "disabled and is on long term sick", but you haven't said in what way, and whether she'd be able to manage as your executor.   Also, you haven't said how old she is.

Flugelhorn

Sea_Shell said:

fatbelly said:

Who do you have as executor of the will? If your daughter is an adult, she may be a good choice so that she stays in control of the process.

I was going to ask who is your executor?    As you say that your Daughter is "disabled and is on long term sick", but you haven't said in what way, and whether she'd be able to manage as your executor.   Also, you haven't said how old she is.

or is she would be able to afford to run the house on her current income

Rob5342

Do you have anything in place to pay for your funeral? That may well cost more than the value of your outstanding debts.

Sea_Shell

JenP85 said:

Flugelhorn said:

JenP85 said:

Additional: If i were to put the house in her name what would happen then? 

there would be a cost to this as solictors would be involved, also be aware that if you need long term care, then the house would be considered to be an asset and if you had given it away then it would be "deprivation of assets" and you would be considered to still own it.

The property is worth £130k (as of 2022) and the mortgage was paid off 6 months ago.  

On this point.   If you are now mortgage free, how did you achieve this?   

Do you not now have the extra monthly money that you were using to pay the mortgage down (off) with?

GrumpyDil

I don't generally like them but funeral plans may be an option as they are available with no medical questions and would provide lump sums on death. Cost would be dependant upon your age and generally only available after 55 years of age. 

fatbelly

GrumpyDil said:

I don't generally like them but funeral plans may be an option as they are available with no medical questions and would provide lump sums on death. Cost would be dependant upon your age and generally only available after 55 years of age. 

I do like them. The co-op one has a lot of good features

https://www.coop.co.uk/funeralcare

nannytone_2

Gifting the house to your daughter may also cause problems for her. If she received means-tested benefits, and had a property that she didn't live in , it would be treated as an  Asset and all means-tested benefits would be stopped

MEM62

@JenP85 You do not say how much is outstanding for the windows but the other debts total under £2,000.  I cannot see any of the creditors forcing a house sale for that amount.  The legal fees alone would not justify it.  However, as previously mentioned, some life insurance might bring you peace of mind.     

sourcrates

If your daughter is disabled, then its likely she gets PIP, this will be a factor when it comes to settling debts from your assets, if the house is her sole residence, and she receives PIP, then the house will likely be excluded, when it comes to settling any debts in your name.

You have also been advised to get life insurance, which is a sensible thing to consider.

If she is to be executor, she needs to become "au fait" with disability rights as well as the obligations of executor, if for no other reason than to secure her own future security.