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CGT - house to be left to me and nephews, also, house in limbo..

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  • p00hsticks
    p00hsticks Posts: 14,675 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    snickpan said:
    I shall read the replies again, see what the votes are, for and against probate!
    Without a will (and assuming England & Wales), it'll be Grant of Administration rather than probate, but you'll definitely need it in order to have the authority to sell the house.  
  • p00hsticks
    p00hsticks Posts: 14,675 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As the nephews are both adults, I'm pretty sure that legally you won't be able to get around having to hand them their share of the inheritance directly - your best hope would be to get them to agree to at least some of it being  locked away somewhere where they can't easily get at it all straightaway - but it would have to come from them, you or their dad can't insist on it. 
  • snickpan
    snickpan Posts: 180 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    As the nephews are both adults, I'm pretty sure that legally you won't be able to get around having to hand them their share of the inheritance directly - your best hope would be to get them to agree to at least some of it being  locked away somewhere where they can't easily get at it all straightaway - but it would have to come from them, you or their dad can't insist on it. 
    yeah, we've had that chat with them
  • Keep_pedalling
    Keep_pedalling Posts: 21,690 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    snickpan said:
    thanks everyone!
    House was in dad's name (that's how mortgages worked in the 60s!), mum got probate in July.  Dad had a will, everything to go to mum.  Mum died without a will - or not one that I've found so far!
    Loving all the tips and contradictions, bungalow is probably worth £375k, the nephews are early 20s, one daft with money, one not so much  :)
    I shall read the replies again, see what the votes are, for and against probate!
    There is no for or against vote you need letters of administration. For practical purposes it’s almost the same process as probate. 
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