Hi,
My father-in-law comes from a very large family, and both his parents died 20 years ago without either having made a will. Three of his siblings still live in the large family house and are themselves now elderly. No attempt was ever made to sell the house or divide it in any way after his parents died, and the deeds would still probably be in my father-in-law's father's name. No probate that I know of - nothing.
All the other siblings still have keys to come and go as they please, and some stay from time-to-time (sometimes for months on end). It is a situation where nobody ever seems to have wanted to resolve anything legally or financially.
I would imagine under intestacy rules, that each sibling still owns a share in the house, or the children of any now-dead siblings would in turn have inherited their share?
Some of the family are not well off and would be delighted to have some money from the proceeds of a sale if it ever happened. Others are not that bothered as they have their own houses and savings. And then there are the siblings still living in the old family house who obviously wouldn't want a sale as that's their only home.
As the elderly siblings still living in the old family home will inevitably pass away in the coming years, what is the best way to deal with the house when they are gone? (Assuming some other family member doesn't just decide to start living there in "their home".) Have any laws been broken by not splitting the house or re-registering the deeds? Are any inheritance or capital acquisition taxes been due? Does the fact that some siblings are still living in the house for many years affect anything? Is a solicitor required to sort out what seems to me like a potentially very messy situation with many interested parties?
Of course bringing up any of this with any of his family is a totally toxic topic of conversation, and I'm a relatively disinterested party in this, but I was just wondering what, if anything, could or should be done.
My father-in-law comes from a very large family, and both his parents died 20 years ago without either having made a will. Three of his siblings still live in the large family house and are themselves now elderly. No attempt was ever made to sell the house or divide it in any way after his parents died, and the deeds would still probably be in my father-in-law's father's name. No probate that I know of - nothing.
All the other siblings still have keys to come and go as they please, and some stay from time-to-time (sometimes for months on end). It is a situation where nobody ever seems to have wanted to resolve anything legally or financially.
I would imagine under intestacy rules, that each sibling still owns a share in the house, or the children of any now-dead siblings would in turn have inherited their share?
Some of the family are not well off and would be delighted to have some money from the proceeds of a sale if it ever happened. Others are not that bothered as they have their own houses and savings. And then there are the siblings still living in the old family house who obviously wouldn't want a sale as that's their only home.
As the elderly siblings still living in the old family home will inevitably pass away in the coming years, what is the best way to deal with the house when they are gone? (Assuming some other family member doesn't just decide to start living there in "their home".) Have any laws been broken by not splitting the house or re-registering the deeds? Are any inheritance or capital acquisition taxes been due? Does the fact that some siblings are still living in the house for many years affect anything? Is a solicitor required to sort out what seems to me like a potentially very messy situation with many interested parties?
Of course bringing up any of this with any of his family is a totally toxic topic of conversation, and I'm a relatively disinterested party in this, but I was just wondering what, if anything, could or should be done.