Ask a Family Law Question, Get an Answer ASAP!
Hi thank you for your message, please note that I will look to provide an accurate but nevertheless speedy reply to your inquiry. I am sorry to hear about your situation but I will endeavour to help you today.
Has your husband inherited his mothers house alone or do others have a claim on it too?
I see, well given your main asset is the family home it is very likely this will need to be sold to provide suitable housing for you both within the assets available. The idea of the primary carer staying in the family home until the youngest child is 18 is generally long gone apart from cases of high net worth and ultra high net worth individuals where they can afford to have two houses for both parents. In your case that combined with the £50,000 inheritance would amount to £460,000 or £230,000 each assuming the main house sells for £550,000 and after the mortgage is paid off, it may be you will both need to get mortgages to meet the purchase price to stay in the area but you both have very good after earning income so should be able to cover any mortgage requirements.
I trust this assists you in understanding your position however, should you have any supplementary inquiries, do not hesitate to ask and I will look to clarify or expand on my previous response.
Happy to help. I have no control of the website so please contact customer service and they can remove it I believe: https://www.justanswer.co.uk/help/contact-us?mkwid=s_dc&pcrid=431217117249&pkw=%2Bjustanswer%20%2Bcustomer%20%2Bservice&pmt=b&plc=&cmpid=9867821707&agid=99093783734&fiid=&tgtid=kwd-393916888724&ntw=g&dvc=c&r=ppc|ga|5|9867821707|99093783734|&gclid=Cj0KCQjwnueFBhChARIsAPu3YkQfRcIQe6eEPdvu_N5LdsiSWNS7_vKxlt46Q0F5kX5yWx3vc92N-8kaAsizEALw_wcB
I trust this assists