Beneficiary of estate – buying out siblings share and transferring deeds

Beano456

Hope I’ve posted this in the right place, apologies if not.

Just wondered in anyone can help with the procedure of transferring house deeds to a beneficiary after the death of homeowner (no mortgage involved).

Background: Parents passed away leaving a Will with estate equally split to the 3 children. I wish to take on the house and buy out my 2 siblings. We are all in agreement of a 180k house value and I will pay them 60k each.

Do I need a solicitor or is it just a case of completing the necessary forms for land registry? I’m guessing some kind of contract / agreement needs to be drawn up for all parties to sign. Not sure if there’s any tax implications - any help appreciated.

pumas

Although you don't need a solicitor for any of  you, for your part, it would save any arguments in the future for the transactions to be 'official'.
Have a look at the Land Registry videos, they are quite good!