Legal Query

TimTom

TimTom

TimTom

Associate
Joined
18 Mar 2016
Posts
176
I’m not looking for a definitive answer, as I know that, of course, I need proper legal advice.

But I just wondered what the general consensus here might be…

If someone leaves me a share in a property in their will, but I don’t want it, can I say thanks, but no thanks?
 
There are various options, a variation of the will, giving the property to someone else after it's yours, other stuff. Be aware of creating yourself a tax liability. But simply put, you can "disclaim" it in various ways, (like giving it to me, for example) ;)

EDIT, here's a link to the matter:

www.timms-law.com

What If I Don't Want My Inheritance? - Timms Solicitors

Believe it or not, people don’t always want to receive an inheritance. Wills & Probate Solicitor Keith Baldock-Grimes discusses what options you have if you do not want to accept your gift...
www.timms-law.com www.timms-law.com
 
Why don’t you want it? Assuming the property is sold take the money and redistribute it as you see fit. Or if it’s the whole thing do the same or give it away.
 
Thanks everyone, that’s more helpful than you will know. Much appreciated.

(it’s a long story why I don’t want it)
 
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