Quizzes & Puzzles3 mins ago
Probate
What does it mean? I live alone in a houte that I I own standing in half an acre.I have left it to my two adult children. Is there a time limit that they have to empty the house in order to sell it? It is full of many collectables so will take a very long time to clear it. At what point do they have to employ a solicitor?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Are your two children the only beneficiaries in the will? Do you have any debts which will need to be settled?
This is a fairly clear guide to Probate:
https:/ /kuavo. co.uk/p robate- house-s ale-eve rything -you-ne ed-to-k now/#:~ :text=P robate% 20is%20 a%20leg al%20pr ocess,a re%20go ing%20t o%20foc us%20on .
This is a fairly clear guide to Probate:
https:/
If one of them wants to sell and the other doesn't it can cause problems unless the one who doesn't want to sell has enough to buy the other out, but that is not really your worry, although you stipulate in your Will that the house is to be sold and the monies divided equally (or whatever proportion you want).
I am assuming neither children live with you - the replies would be different if one child does.
I am assuming neither children live with you - the replies would be different if one child does.
Not meaning to sound insensitive but you might think about doing them a favour and start to sell the collectables yourself. You might enjoy doing it gradually and seeing what you can raise for each one. Otherwise if they are busy people they might just get a house clearance company in and take a single offer for anything they don’t want to keep themselves.