Splitting a house in a will 3 ways.

[sallymally]

The house is in my sole name. Two of my adult children live in the home. One lives in his own home with his spouse. I want to ensure that my two adult children currently in the property can remain there for the rest of their lives should they wish to do so. If I split the house in my will three ways, will the son not living in the property be able to demand the sale of it?

[I.Don No]

as this is not a straightforward bequest, you should make sure a solicitor is involved in the drafting of your will.

[Prudie]

Good advice about the solicitor. How do you propose the son living away will ever actually inherit the third value of the house?

[bednobs]

good point by prudie. the alternative is to leave it to the two of them and talk to the third one about it. However, depending on how old you are, you might outlive them. or the other two might move out with partners too.

[dzug2]

You'd need to put the house in a trust rather than directly leaving it to anyone

[Barmaid]

Dzug is on the money.

You need to leave the house so that the two who live there either have a licence to reside (ie the right to live in the house as long as they live) or a life interest to them (ie the right to live in the house or its replacement or an interest in the proceeds). Either way, this sort of bequest really needs legal involvement to make sure that every eventuality is catered for.

If a trust along the lines I have suggested above is conceived, the child who lives independently should not be able to force a sale if drawn up properly.

[daffy654]

Why can't the two living in the house club together to buy out the share of the other one when the time comes?

[cassa333]

Is the house your only asset?

[venator]

You need a sillysotter