Be very careful. This is contrary to the very specific wishes expressed in your late mother's will and the executor will not have any discretion.... I'll see if transferring ownership to one of us will indeed complete the will ...
I remember some time ago hearing that there was a tax advantage in expressly stating in the will the wording "that the house be sold and the proceeds distributed"
I can't remember what the advantage was.
Brendan
I reckon that you could put the house on the market but the solicitor cannot force you to sell.
Marion
It doesnt state the house had to be sold straight away but this is how our solicitor is interpreting it.
as mf1 has pointed out. But although mf1 sees things from a solicitor's point of view,
"If the benefactors want to keep the house, there's nothing to stop them buying it from the estate. "
But, in reality, they own it or at the very least they own the proceeds of sale. So, even if they bought it and raised a mortgage, the executor would just be giving them back the money.
If they ( the beneficiaries) all agree and they all have a common purpose, then the executor should listen to them and if they don't want to sell just yet, then so be it.
mf
mf1's contribution to Askaboutmoney over the years has always been based on the practicalities of the situation first and foremost. I have dealt with solicitors who see things from a solicitor's point of view and mf1 is certainly not one of them.
In my opinion, your mothers wishes are purely to avoid arguments or future strife between siblings or siblings spouses related to the property.
There are many cases where beneficiaries have fallen out for years due to their interpretations of what should happen to deceased parents estates.
If I was in your position I’d do exactly as she said and thank her for her wisdom in years to come.
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