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Inheritance: Tenancy in Common and having to live with somebody you wouldn’t want to!

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  • Misha96
    Misha96 Posts: 49 Forumite
    Second Anniversary 10 Posts Name Dropper Photogenic
    RAS said:
    Start by actually checking the Land Registry and confirming that the property is held as tenants in common. Not least as there have been several instances here where wills were written on that assumption and no-one bothered to sever the tenancy. Cost £7 via the gov.uk site.
    That's been done.
  • gwynlas
    gwynlas Posts: 2,259 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Does your friend maintain a close relationship with  her own children?

    She should consider setting up LPAs for both health and wealth so that there is someone acting in her best interests should there be any pressure from her husband family.



  • Misha96
    Misha96 Posts: 49 Forumite
    Second Anniversary 10 Posts Name Dropper Photogenic
    gwynlas said:
    Does your friend maintain a close relationship with  her own children?

    She should consider setting up LPAs for both health and wealth so that there is someone acting in her best interests should there be any pressure from her husband family.



    My friend would agree that LPAs are a good idea. Her children would probably by all right as attorneys. Coaxing her into action is another matter.
  • RAS
    RAS Posts: 35,614 Forumite
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    She could then ask them to help with the will stuff, and they'd have the documents to support their involvement.
    If you've have not made a mistake, you've made nothing
  • saajan_12
    saajan_12 Posts: 5,063 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forcing a sale is slow and expensive for both parties and best avoided - would really encourage them to sit down and agree a plan that would keep them out of eachothers hair. If buying out is a problem for both sides, then could one of them get a lodger, whos rent (partly) covers the rent for either the lady or disabled daughter to rent elsewhere? 
  • elsien
    elsien Posts: 36,058 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 April at 1:33PM
    That means one person staying in a house that they only own half of with the other paying rent to live elsewhere.
    Appreciate your point about litigation being expensive and best of it, but I’m not seeing either particularly wanting to pay rent somewhere  else while owning half a house, they could be living in for free. Would the person who stays in the house be paying them rent in those circumstances and what about any responsibility for ongoing maintenance?

    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • madbadrob
    madbadrob Posts: 1,490 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    RAS said:
    Start by actually checking the Land Registry and confirming that the property is held as tenants in common. Not least as there have been several instances here where wills were written on that assumption and no-one bothered to sever the tenancy. Cost £7 via the gov.uk site.
    A very good point actually and not one id considered when making my response.  

    Rob
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