Bit of advice about a Will please!
Bit of advice about a Will please!
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Discussion

119

Original Poster:

18,598 posts

63 months

Wednesday
quotequote all
The initial message was deleted from this topic on 01 July 2026 at 19:24

GetCarter

31,047 posts

306 months

Wednesday
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I would suggest that any input here might be unreliable at best as / location / details / exact will script.

I'd def go to a local (to the deceased) probate solicitor, and get pukka legal advice.

alscar

8,885 posts

240 months

Wednesday
quotequote all
Advice from GC makes sense.
Fwiw the last will assuming legal ie correctly witnessed etc is the document that takes precedent over the statement of wishes.
Who are the Executors named in the will ?
Their job is to maximise the estate to the benefit of the beneficiaries.
As soon as any estate looks like a potential issue , DIY is not the usual answer.

FlyVintage

431 posts

18 months

Wednesday
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What is morally and legally right vs what can easily be enforced may be two different matters. I refer you to:

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Jayho

2,407 posts

197 months

Wednesday
quotequote all
From a pragmatic point of view, do the siblings get along and are they on speaking terms? Seems like the easiest solution would be for Sibling 1 to buy the 25% off of Sibling 2. Looks like they will have 75% equity in a house and can afford £500 a month rent, so mortgaging that last 25% shouldn't be difficult?

Steve Dean

93 posts

101 months

Wednesday
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Whilst 'Jayho' is basically on the right track we do not know the value of the property, therefore the 25% could be several hundred thousand or more. Sibling 1 may decide he doesn't want or can't afford to take on a large mortgage.
Sibling 2 is then in a situation whereby there is little he can do. If he tried to force the situation and it ended up being an ugly legal fight it would rapidly end up being very ugly. A court would be highly likely to support sibling 1 as he is living in the property and the matter could drag on for years costing both parties a great deal in legal feels.
One would like to hope that the siblings get along and can reach a financial agreement that suits both parties.
A start point would be to get a valuation on the property (this may have already been done for probate) which will determine the value of the 25%. Once this is agreed, sibling 2 could choose to accept a lower figure to bring about a simple and speedy resolution.

119

Original Poster:

18,598 posts

63 months

Wednesday
quotequote all
Thanks guys.

Property has been valued with three agents that all came back at 250k

bompey

620 posts

262 months

Wednesday
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119 said:
Thanks guys.

Property has been valued with three agents that all came back at 250k
In that case a 25% mortgage (£62.5k) @5% is only about £260 per month. Legal fees should be paid off within a year or so cheap option.


119

Original Poster:

18,598 posts

63 months

Wednesday
quotequote all
Sorry had to delete the message as there is a chance he could be a member here.

Thanks anyway all.