Lord Rossmore
Registered User
- Messages
- 20
ThanksI'm sorry for your loss.
Did your Uncle and / or father have a Will?
IANALMy father left no will at all, but he had no assets
Yes my solicitor is looking into it. He did advise that there will probably be the need to engage with a tax expert to calculate whats owed. Which will be costlyHave you had any legal advice on this yet?
If it was me then a good solicitor would be my first port of call.
Its still not clear to me what you have actually inherited, if anything?Yes my solicitor is looking into it. He did advise that there will probably be the need to engage with a tax expert to calculate whats owed. Which will be costly
thats correctBut the only asset of this trust was the house which now goes to you? Is that right?
Thats no problem.It's unlikely that anyone could solve this one for you on askaboutmoney. They would need to see all the paperwork - the original will, etc.
Brendan
Yes the house onlyAgain IANAL.
So from what you have said what you have inherited is the house only, not the farm?
Yes I guess in general, if the house was in a trust, and actually is still in my grandfathers name, who has the authority to sell it, even to deal with the estates taxes. Now that executor and trsutee is deceasedAnd there are taxes to be paid; partly I would think from your father's right of residency (but there is also some agricultural relief thing that I don't pretend to have a handle on).
And then there's also possibly an inheritance tax as you effectively inherited from your grandfather rather than your father.
So your question was "Will I be allowed to take ownership of the land now and sell it to pay the taxes ?" Though I thought you said your inheritance was the house only?
I understand the process is called 'Grant of Administration with Will annexed'; and if you are the beneficiary in regards to the house, then I believe you will have the right to extract said grant.Yes I guess in general, if the house was in a trust, and actually is still in my grandfathers name, who has the authority to sell it, even to deal with the estates taxes. Now that executor and trsutee is deceased
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