jinxmeister
Registered User
- Messages
- 6
Hello all,
I have a query I'm hoping I can get some advice on. My mother's partner who passed away recently left his home to me in his will. The house is in Spain and is worth about 150,000 euro . My mother also lives in Spain in her own home. He had no children of his own but does have a niece and nephew. For reasons I know nothing about, he has cut them out of his will. My own siblings all have homes of their own and I don't so maybe that's why he left it to me. I have a feeling that his niece and nephew may contest the will. I am not sure what to do about this situation.
The ideal solution would be for me to just sell it and get the value of it to help me buy a house here in Ireland, but my mother has told me that she would like to leave it as is for family holidays and has also mentioned to the nephew that we could all avail of it (including the niece and nephew and their families). To be honest I'm reluctant to sell it and get money from it as I fear it would cause problems in both families, but the fact remains that he has willed it to me, so am I liable for inheritance tax just by virtue of the fact that he willed it to me?. Any advice would be really appreciated.
I have a query I'm hoping I can get some advice on. My mother's partner who passed away recently left his home to me in his will. The house is in Spain and is worth about 150,000 euro . My mother also lives in Spain in her own home. He had no children of his own but does have a niece and nephew. For reasons I know nothing about, he has cut them out of his will. My own siblings all have homes of their own and I don't so maybe that's why he left it to me. I have a feeling that his niece and nephew may contest the will. I am not sure what to do about this situation.
The ideal solution would be for me to just sell it and get the value of it to help me buy a house here in Ireland, but my mother has told me that she would like to leave it as is for family holidays and has also mentioned to the nephew that we could all avail of it (including the niece and nephew and their families). To be honest I'm reluctant to sell it and get money from it as I fear it would cause problems in both families, but the fact remains that he has willed it to me, so am I liable for inheritance tax just by virtue of the fact that he willed it to me?. Any advice would be really appreciated.