Inheritance
- Thread starter Rage85
- Start date
So many variables...
Wherever the will says it should go would be the preferred answer for most.
Many that have been involved in similar in the past may advise that ts far from a simple or smooth process unfortunatley.
I'd make sure whomever is the owner of the property writes up a will ASAP as a starting point
Wherever the will says it should go would be the preferred answer for most.
Many that have been involved in similar in the past may advise that ts far from a simple or smooth process unfortunatley.
I'd make sure whomever is the owner of the property writes up a will ASAP as a starting point
its not an easy subject, and the nicest people turn evil when it comes to money. Ive seen, and unfortunately been on the receiving end of nasty people when it comes to inheritance. if its a genuine concern and you have a decent relationship with your siblings, it might be worth bringing it up in conversation about them creating a will.
Caporegime
- Joined
- 30 Jul 2013
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- 29,560
Ask them to do a will? It's a complete ballache when they don't have one.
That's from experience when my wife's mother died and owned her house
That's from experience when my wife's mother died and owned her house
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Caporegime
Without a will, you could be in for a world of pain. People without money will go to the depths of hell for a little bit (or in the case of inheritance, sometimes a lot) of money.
Some will happily completely cut ties with family for a few extra K in the bank.
If it gets ugly, you'll spend hours and hours dealing with it, not to mention legal fees that can quickly escalate.
Some will happily completely cut ties with family for a few extra K in the bank.
If it gets ugly, you'll spend hours and hours dealing with it, not to mention legal fees that can quickly escalate.
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Soldato
as I understand it:
when the first one of them dies it:
depends if they are "beneficial joint tenants" or "tenants in common".
www.citizensadvice.org.uk
when the second one of them dies it:
is divided between their children (either 1x or 4x)
if the second one survives to marry someone else and then dies:
you get robbed
basically they need to get a solicitor to make sure what they expect to happen will actually happen.
when the first one of them dies it:
depends if they are "beneficial joint tenants" or "tenants in common".
Who can inherit if there is no will – the rules of intestacy
Information on who can and cannot inherit if someone dies without making a will. Covers married couples, civil partners, children and other relatives.
when the second one of them dies it:
is divided between their children (either 1x or 4x)
if the second one survives to marry someone else and then dies:
you get robbed
basically they need to get a solicitor to make sure what they expect to happen will actually happen.
My grandparents had a messy will with deals, unequal splits and verbal agreements.
Its torn my family to shreds and peed me off. All of them, including my parents are at fault. Me and my sisters cant believe it.
What's worse? They all have houses/estates close to, or in some cases well over a million.
Add to that, my grand parents house could have been sold at peak house prices.. The legal disputes have costed 10s of thousands, house prices are dropping and they've been paying the rates, CT etc on this.
All over a small piece of land worth under 10k. Unbelievable.
Boggles my mind.
At one point my uncle turned up at my parents with a shotgun. That's how bad it got.
10 years ago I could never believe it would happen to my family, as we were all close a decade ago
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Caporegime
They need a will, pure and simple.
It basically boils down to whole dies first. If your Mother died first (without a will), her daughters and you will be entitled to her estate as next of kin (and your father wouldn't be entitled to anything).
If your father dies first, you would be sole-heir to his entire estate (or the portion of it he owned with your mother).
It basically boils down to whole dies first. If your Mother died first (without a will), her daughters and you will be entitled to her estate as next of kin (and your father wouldn't be entitled to anything).
If your father dies first, you would be sole-heir to his entire estate (or the portion of it he owned with your mother).
Go on...
I come from a farming family. So my uncles have gun licences. My uncle is a bit unstable.
The farm house is split 3 ways, but my parents house is built next door. And the boundary was thought (verbally) to be where a mound of dirt 120m long and 10ft high separates the properties.
But the deeds boundary puts the farm boundary at 2 or 3m from house rather than 10 where the hill is.
They can't reconcile this. (among other boundary disputes.)
This strip of land is 200m.
Its probably worth 10-20k on a house that's worth I dunno what. Lots.
My parents house has 10'000m2 of land.
And the 3 way split is probably over a house and land that's 6'000m2..the entire plot. Of my grandparents is about 60'000m2
Why they can't just subtract the value of the land from the estate I don't know.
But it's gotten so toxic no one will bend/compromise. Lawyer has never seen a case like it. My parents think they are in the right. But they are all at fault its ridiculous.
I'd get it more if one of the 4 siblings was poor. But they are all rich.
Its escalated to this point. It's kind of unbelievable
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are you sure that's the case if my dad dies? wouldn't it just go to my mother? (maybe not with them not being married?
Soldato
- Joined
- 21 Jan 2010
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- 3,818
They need a will.
It's not just about the money, it's about avoiding arguments.
If they want their table and chairs to go to uncle Dave, that needs to be clear and in writing. If it's not, auntie June will swear blind it was promised to her.
It's not just about the money, it's about avoiding arguments.
If they want their table and chairs to go to uncle Dave, that needs to be clear and in writing. If it's not, auntie June will swear blind it was promised to her.
No it won't, that's the problem with not being married or in a civil partnership.
Soldato
Inheritance is the ultimate character test for people, and a lot will fail it. Vultures.
Dons, move this thread to Mumsnet (AIBU section) please. They love a good inheritance thread
Dons, move this thread to Mumsnet (AIBU section) please. They love a good inheritance thread
Totally agree.
I think it goes beyond the cash sometimes though - it can become a matter of principal very quickly. There are occasions where if you don't fight - the vulture will win the lot. I don't begrudge anyone fighting tooth and nail for what they are entitled to.
I'm the opposite.
I've seen what principles do.
Granted, it's different if it's life changing sums.
My mum and step dad are living in misery (they always talk about the inheritance stuff) and it's brought my mums severe depression back.
Mum was over visiting and I asked her "why".. And after a while it was down to principle.
They are tearing themselves to pieces over principle. If it was me I'd just let the others keep the cash disputed amount and call it a day.
Principle is costing money and health and it's just ridiculous. I'm glad I'm geographically miles away and don't have to deal with that ****
I can imagine that situation would lead to all sorts of legal arguments and make it very expensive.
But yes, as everyone in the thread has said a will is just the best option.