Hi,
I was wondering if someone could help answer the following question:
I am an only child and my both parents are alive. I don't live at home but they both still live in the family home. They have made out their will and it basically states:
If dad passes away before mum that it goes to mum and if she passes away before my dad then it goes to him. On both their deaths it goes to me.
They also have a summer home (and some land) and this is set up the exact same way.
One question for you - Am I liable for inheritence on either/both homes even though I am named in the will and the only sibling?
We had this conversation last night and I think that I am but my mum is convinced that Im not as Im named in her will.
She has asked me to find out and I dunno who to ask - hence this mail.
Thanks for your help
ps - I have already had to pay inheritence tax after my partner passed away - I'm not sure if this is relevant?
Kind Regards
I was wondering if someone could help answer the following question:
I am an only child and my both parents are alive. I don't live at home but they both still live in the family home. They have made out their will and it basically states:
If dad passes away before mum that it goes to mum and if she passes away before my dad then it goes to him. On both their deaths it goes to me.
They also have a summer home (and some land) and this is set up the exact same way.
One question for you - Am I liable for inheritence on either/both homes even though I am named in the will and the only sibling?
We had this conversation last night and I think that I am but my mum is convinced that Im not as Im named in her will.
She has asked me to find out and I dunno who to ask - hence this mail.
Thanks for your help
ps - I have already had to pay inheritence tax after my partner passed away - I'm not sure if this is relevant?
Kind Regards