14 years ago she was the only one living at home so her and mum took out a mortgage to buy our council house, they paid £8000 for it. My sister then met and married a man the same year she moved miles away from home and mum lived by herself, never once did she pay the mortgage or do any work to the house for mum. A couple of yrs ago mum got very sick, she couldn't look after herself so between me and my 4 sisters we looked after her,taking it in turns to sleep over. Mum died a couple of months ago and my sister gets the house, now valued at approx £280,000. Mum had spoke to her privately when she first got sick and asked her, when the house is sold would she make sure the rest of the family get some of her share, nothing was put in writing. The house is empty she said she cant bear to sell it. What the hell is she playing at nobody would leave a £280,000 house sitting empty for sentimental reasons. What do you think?
2007-09-17 22:26:06 · 14 answers · asked by millyo 1 in Business & Finance ➔ Renting & Real Estate
she has no intentions of ever living in it, she lives 150 miles away. Mum was already living in the house she didnt know my sister was planning to move. Who ever called me vindictive and money grabbing has never met my sister.By the way i'm greiving too. When mum was sick she never came up to see her.
2007-09-18 02:22:09 · update #1
I think you should look past your anger right now. Maybe she
is still grieving, if she sells the house, it is saying your mom is really gone. If you think she is playing a game, you and your other sibling hire a lawyer, and protect your interests.
But I would give her a month or so to resolve her issues.
Family is very important, it would be a shame to not have love for your sister over a money issue. I know you and your other sisters have done a lot, maybe you could suggest that if she is going to hold on to it for awhile at least rent it and at the end of the year split the money, or you and your other sisters can buy out her half.
Anyway, I think you need legal advice. But be careful to think with your heart and your head. Love and peace.
2007-09-17 22:40:38 · answer #1 · answered by ladyhawk8141 5 · 2⤊ 0⤋
Dont let your mum's ill health take what she would have wanted - the family to continue as a family. Your sister gave your mother a lifeline by helping to purchase this property - other than that you wouldn't even have a say in the house. Give it time and then speak with your sister in a calm way - she should have the majority share in that property anyway as she helped fund it initially. However, your mother did not put anything definite into place to make sure the matter is sorted, so you will have to wait and see what happens. You cannot make demands. I hope you can all sort this out without losing one another - you are family after all.
2007-09-17 22:48:37 · answer #2 · answered by Anonymous · 1⤊ 0⤋
you say "nobody would leave a £280,000 house sitting empty for sentimental reasons." but i think they would. people grieve differently and after my mum died it took us 2 years to put the house on the market. if money is all that is important to you get a loan against the house explaining you have a 5 way cut of £280,000 which is £56,000. if you need money THAT bad that is all i can suggest. but with regards to the house your sister will sell it in her own time don't pressure her or you may end up with nothing. as you said nothing is in writing.
2007-09-17 22:38:54 · answer #3 · answered by oliversmith2 2 · 0⤊ 1⤋
The house was your mother's. She could leave it to anyone she wants. It is now your sister's. Unless there was a clause in your mother's will directing her, your sister can do what she likes with it.
Leaving it standing empty is a waste of a resource, but that's your sister's decision.
2007-09-17 22:35:45 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Well is it being maintained properly? It's not just the money. This will be a sore point forever so, just, you and your sisters should have a meeting with the objective of resolving the situation.
2007-09-18 00:42:14 · answer #5 · answered by lab90210 3 · 0⤊ 0⤋
If the mortgage was taken out in joint names, then both names would have been on the deeds. Therefore its now your sisters house, and legally its been hers since the day the mortgage started. Unfortunately, deaths bring out the leeches in families and your sounding like one - sorry if that sounds harsh but your not "entitled" to anything of your mothers unless she bequeaths it
2007-09-17 22:55:22 · answer #6 · answered by forgetmenot1908 3 · 3⤊ 1⤋
I think as the owner of the house it's up to her what she does with it. It appears that title was held jointly between your sister and mum and it's now your sister's home. She is free to do with it as she pleases -- she could pull it down if that's what she fancied.
2007-09-17 22:34:08 · answer #7 · answered by Bostonian In MO 7 · 2⤊ 0⤋
well as the house is just standing there, the value of it is no doubt going up, so in effect it is to your benefit that your sis hasnt sold it yet (thats assuming she is planning to split the proceeds as your mother told her too)
on the other hand, you can contest the will.
2007-09-18 02:52:54 · answer #8 · answered by Paul S 5 · 0⤊ 0⤋
perhaps it's too soon for her to think clearly about the house,she's still grieving for your mother and it sounds as though she does'nt want anyone in it and she does'nt want to part with it at the same time,let her grieve and give her some time to decide what she wants to do,maybe she won't want to sell it,perhaps she will move into it/ whatever her choice it was something her and your mum decided together and you must respect that. give her time.
2007-09-17 22:35:14 · answer #9 · answered by Anonymous · 2⤊ 0⤋
She ought to present the abode to you. as long as she lives 7 years longer there'll be no IHT on the cost. If she sells it then if the present honest cost (no longer the merchandising cost) exceeds her base cost (probate cost) then the income must be taxable (CGT) despite if she might have her annual CGT allowance
2016-10-09 09:40:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋