To use this feature subscribe to Mumsnet Premium – get first access to new features see fewer ads, and support Mumsnet. Mum left house to us ‘in trust’…what does this actually mean?? It was being rented out when she died (she was living with step dad in his house,) and 10 years later still is. Step dad gets the rental.
When did my mother leave the property to my brothers?
Q When my mother passed away in 2012, she left her property to me and my three brothers – the deeds have been changed accordingly. One of my brothers has lived in the property for around 25 years.
What should I do if my brother inherits my Mother’s House?
If your brother were to go to the expense of going to court, it would be wise to use a solicitor yourselves who would be able to advise on how to formalise the verbal agreement you had with your mother about her wishes for your other brother to use the property as his home after her death.
What happens to the house in Grans will?
A house was left in my grans will to only one of her grandchildren, she had 4, and the other 3 got cash amounts, the house was sold 2 years previous to her death for care home fees. The wording on the will says on date of death to leave the house or proceeds of sale, so does the one grandchild get paid the amount the house sold for 2 years before?
Can a step-mother sell house if deceased father left?
Q: My father died nine years ago. In his Will he left his half of the house he bought with my step-mother to me. At the time I agreed she could continue living in the property but now she has announced that she is putting it up for sale and moving south.
What happens if your father and stepmother made life interest trust wills?
Your late father and stepmother would have made individual wills. Regardless of marital status, an individual has their own will but it may be that your late father and stepmother made mirror-image wills. What happens if your father and stepmother made Life Interest Trust Wills?
Why is my Stepmother disinheriting Me and my sisters?
My father’s half was left to myself and two sisters, possibly grandchildren. Now my father has passed away my stepmother is saying we will not get anything and everything will go to her two adult children. Can she do this?
Why did my dad put a trust in his will?
By putting in place a will, your father did try to bring some certainty to the administration of his estate. The type of trust your late father has included in his will is often sensible when you are dealing with a second, or sometimes third or fourth, marriage. It is commonly known as a ‘life interest trust’.
Can our stepmum stop us inheriting our late dad’s house?
His estate is the house. In his will it states that his wife (our stepmum) can live in the property until she dies. If this happens or if she sells the property only then we will receive our inheritance. It has come to light that the stepmum has not signed a TR1 and a declaration of trust.
When did my father leave everything to my step mother?
I know my father was anxious to ensure she was well provided for if anything happened to him but it came as a shock to find when he died in 2012 that he had left absolutely everything to her in his will. Now she has died and has left everything to her own children, including the family home where I was born. Can I challenge my step-mother’s will?
Can a house be transferred to a living trust?
Since there is no probate court process when you have a living trust, there is no need to make your assets public. On the other hand, if your house is only included in a will, the will’s contents are made public when it is entered in probate court. Since the trust avoids probate, the contents of the transfer stay private.
Why do people put their home in trust?
The first reason is that they want their family to be able to inherit their home without having to go through the long, stressful, and expensive probate court process. Instead, their home can be transferred to their heirs in a private setting shortly after their death. The second reason deals with planning for incapacity.
How can I set up a living trust?
In order to make your living trust effective, you need to make sure that the ownership of your house is legally transferred to you as the trustee. Since your house has a title, you need to change the title to show that the property is now owned by the trust.
Where did my dad live at the time of his death?
Thank you for your time. They resided in South Carolina at the time of my dad’s passing. When it comes to inheritance, children usually fare better than stepchildren. Your father’s wishes were honored, I’m afraid to say.
What happens to my father in law’s money when he dies?
When my father-in-law died the will stipulated that the inheritance would be divided equally with his living children and my own children. Money for my children went into a trust to be paid out in gradual instalments and looked after by the executor.
When did dad leave the house to US?
This happened to us. Dad died when we were struggling young adults. The house was sold 25 years later, when Stepmother died. We waited and there was no choice in that. But obvs depends on the wording of the will and the trust. I would seek legal advice.
