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AIBU?

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Original poster

Inheritence and house sale

214 replies

Lanzarotelady · 06/04/2025 12:28

Interested in others opinions here - what's fair?

Mum dies leaves house worth 160,000 and £60,000 in bank

3 adult children

1 living at home - never had a mortgage - has had a nomadic life style
2 living in a house, paid for - single
3 living in a house -paid for- married with children

1 know he needs to get a mortgage, but with no deposit and no real credit history is struggling to get one

He has proposed to use the £60,000 in the bank as a deposit, smaller mortgage etc, then when the house is sold, the other 2 get their share of the house, their share of the money in the bank, ie £80,000 each and he gets what is left.

I don't know if this is fair, open to abuse, favouring one above the other

What do you all think

OP posts:
jeaux90 · 06/04/2025 12:40

Who is the executor on the Will? And if it says three ways then that’s what needs to happen.

MrsMoastyToasty · 06/04/2025 12:40

Sell house. Add proceeds to the money in the bank. Divide by 3. Done.

The other 2 siblings are not responsible for Child 1's lifestyle choices.

Psychoticbreak · 06/04/2025 12:39

The only way to fairly do anything with an inheritance is to split it evenly. Why people who work and previously had struggled possibly have to lose out because others 'need' the money more has always baffled me. Split everything three ways. Cash and whatever is gotten from sale of house. Everyone then can do what they want with that.

Jamfirstest · 06/04/2025 12:39

Doesn't the whole lot have to go through probate anyway? Then the cash/cash after sale will be split 3 ways assuming there's no other claimants.
The one wanting the cash sooner for a deposit would be best cracking in with getting the house cleared for sale and other probate admin and get it done asap. I'm not sure about now but I got grant f probate about a year ago and it too 5 months from the solicitor submitting it to getting the cert and that was with one heir and no contest so an easy one.

Original poster
Lanzarotelady · 06/04/2025 12:39

BlueMum16 · 06/04/2025 12:32

Would 1 buy 2 and 3 out of the house by getting a mortgage.?

If not then they find a house pending the sale of the family home. Same way anyone else does.

I'm not sure why they need the £60k now as a deposit.

I don't either! He doesn't want a large mortgage! Yes I am rolling my eyes

OP posts:
Original poster
Lanzarotelady · 06/04/2025 12:38

Gasp0deTheW0nderD0g · 06/04/2025 12:34

Is there a will? Who is the executor?

There is a will - everything to be split equally

OP posts:
Original poster
Lanzarotelady · 06/04/2025 12:37

BlueMum16 · 06/04/2025 12:32

Would 1 buy 2 and 3 out of the house by getting a mortgage.?

If not then they find a house pending the sale of the family home. Same way anyone else does.

I'm not sure why they need the £60k now as a deposit.

No it is too big for him to live in alone and it needs a lot doing to it

OP posts:
doodleschnoodle · 06/04/2025 12:35

Presumably he can live in the house until it’s sold, so can’t it just be split three ways at that point? He can just look for a house while waiting for that one to sell, like is pretty standard.

Problem with him getting the £60k now is if there’s then issues getting house sold, it doesn’t reach the value, the roof falls down, whatever, then you and other sibling might end up with less, as the value of the house is only theoretical until it’s actually sold.

rwalker · 06/04/2025 12:35

As long as the house will definitely sell for at least 120k + enough to cover fees then you will all get at least 60k
mid be happy with that as sounds like you don’t instantly need to money

Gasp0deTheW0nderD0g · 06/04/2025 12:34

Is there a will? Who is the executor?

Fluffyholeysocks · 06/04/2025 12:32

Sell the house, split house sale money and cash 3 ways.

CopperWhite · 06/04/2025 12:32

I think a mum would want to know that all her children have secure homes so if that can be done without long term disadvantage to any of them, then that would probably be what she wanted.

BlueMum16 · 06/04/2025 12:32

Would 1 buy 2 and 3 out of the house by getting a mortgage.?

If not then they find a house pending the sale of the family home. Same way anyone else does.

I'm not sure why they need the £60k now as a deposit.

nc43214321 · 06/04/2025 12:31

Think the cash in bank needs to be split 3 ways and then house 3 ways. Presume house sale will be priced to go through quickly. Can sibling 1 live in it until sold.

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