Donate SIGN UP

Tranfer of names on deeds

Avatar Image
confused???? | 18:43 Thu 28th Jul 2005 | Business & Finance
4 Answers

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

Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

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.

Question Author

Hi, my aunt is the trust, but her name isnt on the house deeds, should her name be put on them or should we just wait till my youngest sister is 25 and put our name on them?

Is it llegal that my parents are still on the deeds?

Will we be charged to change the name on the deeds?

Thanks for you help

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.

Question Author
Thanks for you help!

1 to 4 of 4rss feed

Do you know the answer?

Tranfer of names on deeds

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.