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

Can one of the Siblings do this with the House?

13»

Comments

  • MobileSaver
    MobileSaver Posts: 4,379 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bery_451 said:
    So you saying a single beneficiary with a 12.5% stake under TIC ownership status has the legal power to force the sale of the house against the other 5 beneficiaries who want to keep the house for example?
    Yes, what would be the point of giving someone 12.5% of a house if they could never do anything with it?
    Of course, 'forcing a sale" in such a circumstance would typically mean that the other five beneficiaries between them pay the sixth beneficiary their 12.5% value so that the house is now owned by the five that want to keep it and everyone is happy.
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.