Login
|
Contact Us
Law
Ask a Law Question, Get an Answer ASAP!
Ask an Expert
Ask a Solicitor
How JustAnswer Works:
Ask an Expert
Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
Get a Professional Answer
Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
100% Satisfaction Guarantee
Rate the answer you receive.
Ask Aston Lawyer Your Own Question
Aston Lawyer
,
Solicitor
Category:
Law
Satisfied Customers:
10774
Experience:
Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
16368554
Type Your Law Question Here...
Aston Lawyer is online now
At what point does the benefit of an inherited property transfer
This answer was rated:
★
★
★
★
★
At what point does the benefit of an inherited property transfer to the person inheriting it?
Situation: Two people living together as "life partners" - they live in a property together. The property is owned outright by one of the partners who writes a will in which he leaves the property in its entirety to the other partner. He has various other assets which are left to a number of other people including sufficient funds to meet any debts. He dies.
At what point do the benefits associated to that property transfer. Am I right in thinking that this would be at the point of death - all be it that there is a process to go through to properly execute the legals around the death and the will.
If it is at the point of death then again I assume that no other party (the executors of the will) would have the right to impose a rent on the partner that continues to live in the property pending the completion of the legalities around the inheritance.
Is that a correct assumption?
If that assumption is correct the presumably the responsibility for paying regular bills - service charge and so forth would become the responsibility / debt of the partner remaining in the building?
Is that a correct assumption?
Share this conversation
Expert:
Aston Lawyer
replied 3 years ago.
Hello and thanks for using Just Answer.
My name is XXXXX XXXXX am happy to assist you with your enquiry.
You are correct in that the Estate/Executors can not charge any rent to the surviving partner as the legacy of the property comes into being at the date of death.
Likewise, any debts after the partner's death are the responsibility of the surviving partner as they are living in the property.
I hope this assists but please let me know if you require any further clarification.
Kind Regards
AL
Aston Lawyer and other Law Specialists are ready to help you
Ask your own question now
Share this conversation
Related Law Questions
Question
Date Submitted
I was threatened with violence in front of witnesses who
21/04/2018
21/04/2018
My house was reprocessed and I have heard anything until I
21/04/2018
21/04/2018
I signed up as a guarantor for my brother to rent a property
21/04/2018
21/04/2018
I made a personal injury claim against a former employer for
21/04/2018
21/04/2018
Thank you for your previous advice, it’s just the result I
21/04/2018
21/04/2018
My mother died in February and had appointed her 3 children
21/04/2018
21/04/2018
I have signed a tenancy agreement in 2015 for 2 years with
21/04/2018
21/04/2018
Jo Hope you are fine. I find the selling of Hotel and
21/04/2018
21/04/2018
I was T.U.P.E. across to NHS and my old firm say we did not
21/04/2018
21/04/2018
There’s an app called photoshop which allows you to turn
21/04/2018
21/04/2018
X
Ask a Solicitor
Get a Professional Answer. 100% Satisfaction Guaranteed.
Solicitors are online now
Type Your Law Question Here...
characters left: