A neighbour of mine lives with his parents and will most likely be there for the forseeable future.
Are there any implications (legal/financial etc.) for him inheriting the house if his parents pass away before he does?
His parents have mentioned transferring the house to him before they pass away and will be receiving legal advice on this but I would like to be able to pass on some advice to them to put their minds at ease if I can (Obviously any advice received here must not supercede any advice given by qualified solicitors/tax advisors etc.)
Thanks
Are there any implications (legal/financial etc.) for him inheriting the house if his parents pass away before he does?
His parents have mentioned transferring the house to him before they pass away and will be receiving legal advice on this but I would like to be able to pass on some advice to them to put their minds at ease if I can (Obviously any advice received here must not supercede any advice given by qualified solicitors/tax advisors etc.)
Thanks