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Query Re Selling A Property

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obsessed | 10:51 Sun 01st Mar 2015 | Civil
4 Answers
My late sister did not leave a will and as she had no family my older sister and myself inherit her estate equally. We have received Letters of Administration in both our names and my sister's property is now sold subject to contract. My older sister insists that she is the only one who can sell the property and everything should be in her name. I thought I would have to sign the contracts also. Is she right?
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Avatar Image Barmaid
No, she is wrong. Because you are both named on the LoA, you will both have to sign the contract. Everything should be in your joint names as "the personal representatives of XY deceased".
18:59 Mon 02nd Mar 2015
Avatar Image DTCwordfan
Charge her 5% for 'administration fees' - tongue in cheek.....Barmaid's right - and beware, a hefty percentage may go as to death duties or capital gains.
19:04 Mon 02nd Mar 2015
Avatar Image Peter Pedant
Thx Barmaid

19:11 Mon 02nd Mar 2015
Avatar Image obsessed
Question Author
Thank you all very much. I was sure she was wrong and have spoken to her about it.
20:38 Mon 02nd Mar 2015

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