Hi,
I am looking for some advice and I hope someone can help.
4 yrs ago my mother passed away. She left her house to her 4 kids (of which I am one) with a right of residency to two of my siblings who were living in the house at the time.
Since then my brother has met a girl and moved out. This leaves my sister as the only person living in the house. (Prob for the past 2 years)
My brother and other sister (who is not living in the house) both want their share of the house. They both have valid reasons.
My sister who is still living in the house is very opposed to this as she sees it as her house now. I suppose with right of residence she is right to dig her heels in.
Personally I am on the fence about it but have suggested that I buy out the other 3 and leave my sibling continue living there until my own kids are old enough to use it. This will be approx 20 years time.
I figure this is the fairest way forward as two of my siblings will get 'their share' whilst the other one can still live there. The benefit for me is that my kids have a house when they grow up.
My sister who still lives in the house has a recent solicitors letter stating the house cannot be sold if she is living there. This however contradicts what the solicitor who drafted my mothers will said, at that time.
I should point out that I am the executor of the will and was present when it was being drafted.
My question is - which solicitor is right?
A) The one who said the house cannot be sold or
B) The one who said that the majority would rule.
Also, as executor of the will do I have any role to play other than that of beneficiary?
I hope that makes sense!!
Thanks.
I am looking for some advice and I hope someone can help.
4 yrs ago my mother passed away. She left her house to her 4 kids (of which I am one) with a right of residency to two of my siblings who were living in the house at the time.
Since then my brother has met a girl and moved out. This leaves my sister as the only person living in the house. (Prob for the past 2 years)
My brother and other sister (who is not living in the house) both want their share of the house. They both have valid reasons.
My sister who is still living in the house is very opposed to this as she sees it as her house now. I suppose with right of residence she is right to dig her heels in.
Personally I am on the fence about it but have suggested that I buy out the other 3 and leave my sibling continue living there until my own kids are old enough to use it. This will be approx 20 years time.
I figure this is the fairest way forward as two of my siblings will get 'their share' whilst the other one can still live there. The benefit for me is that my kids have a house when they grow up.
My sister who still lives in the house has a recent solicitors letter stating the house cannot be sold if she is living there. This however contradicts what the solicitor who drafted my mothers will said, at that time.
I should point out that I am the executor of the will and was present when it was being drafted.
My question is - which solicitor is right?
A) The one who said the house cannot be sold or
B) The one who said that the majority would rule.
Also, as executor of the will do I have any role to play other than that of beneficiary?
I hope that makes sense!!
Thanks.