Do We Ever Really Care Who Lived In Our...
Home & Garden13 mins ago
Can you please help? Both my parents have passed away in their will they say when both my 2 sisters and I are 25 we get the house, in the mean time it is in my late parents names. Is this legal that there names are still on the deeds even though they have past away?
(I am 22, my sisters 24 and 17)
When we do transfer the names what are the costs etc
Thank you
No best answer has yet been selected by confused????. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Firstly, to achieve what you say your late parents desired would require the establishment of a trust that would hold the house until your youngest sister is 25. Are you sure that such a trust has not been created?
Secondly, deeds have been done away with and it is only the entry on the Land Registry computer which counts now. It is possible that their is a trust in existence and that the house is now held in the name of the trust. To check this click here and follow the instructions - you only need to see the Register and can make a copy to keep.
The property should be owned by the trustee(s) until the time for transfer to you and your sisters. There should be a proper legal document setting out the status of the trustee(s) and what they can and cannot do and also setting out what happens if 1,2 or all 3 of you kick the bucket before the target date. If there is no such document you need a solicitor at a cost of about �300. If there is a proper document but for some reason the trustee does not know how to transfer the Registration then speak to your local District Land Registry Office (you can find it by clicking here) who will guide the trustee through the process. Cost about �40. But be very careful. This trustee business needs setting up correctly, and if there is no proper documentation then you must consult a solicitor.
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