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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

Greed beyond beleif

23 replies

gwyneira5 · 02/11/2019 16:47

A dear friends wife lost her mother five years ago. She has a sister they have always seemed to get on fine . Her mothers house was put in the sisters name in the nineties but she was always promised this would not effect her inheritance. After the mothers death she had written a letter to my friends wife with the will which stated that when the house was sold she would get a just quarter share. Of course she was upset by this and hasn't spoken to the other sister again who knew about this letter and had never mentioned it. The sister then went on to rent the house for five years kept the monies, sold the house beginning of the year to a family member for a lower sum to beat the tax system. The family member then sold it for a higher sum. It looks like my friends wife will receive nothing the letter isn't a legal document and I don't think the other sister will care about the mothers wishes anyway The other sister is a very wealthy woman in her own right, my friends just manage. Will Karma come I wonder

OP posts:

Unshriven · 02/11/2019 16:50

I don't think you understand the concept of Karma.

And the inheritance of your friend's wife is nothing to do with you.

Lifecraft · 02/11/2019 17:06

If karma is real, your dear friend's wife must have ripped off in the past, hence she is getting ripped off now! Relax, in the knowledge that if karma exists, she had it coming!

TwoMuchTwoYoung · 02/11/2019 17:16

Karma is the same as Santa - not real, doesn’t exist.

Lavender2018 · 02/11/2019 17:23

Gosh I thought Halloween was two nights ago!

73Sunglasslover · 02/11/2019 18:16

I can't help feeling that putting the house in one sister's name is an unsual move. I think there is more context than you've told us here. Has your friend had a problem with finances in the past? Has she been given money by the family already in some other form?

Original poster

gwyneira5 · 02/11/2019 18:26

no not given any money by the family, had personal money problems at the time of the transfer of the house and these didn't effect her family she was never given any help but has turned her life around. She was telling me this today I was just blown away to how greed takes over where money is concerned

OP posts:

Namechangeforthiscancershit · 02/11/2019 18:30

Well it seems very odd to put the house into the sister's name, and unless there was an explicit declaration of trust it would have caused all kinds of CGT issues. That's before even looking at the IHT and care home funding issues.

The sister having financial problems doesn't explain anything really.

There must be more to this than you're being told. Not sure why you're bothered though either way.

IWorkAtTheCheescakeFactory · 02/11/2019 18:31

Are you the poster who gets over involved in her daughters relationship (the one whose getting married) and irate on her fiancés behalf over his mother?

misspiggy19 · 02/11/2019 18:33

@Unshriven

Who pissed on your chips?

Original poster

gwyneira5 · 02/11/2019 18:34

OP posts:

Namechangeforthiscancershit · 02/11/2019 18:39

Oh sorry it was your friend with financial problems?

Still doesn't make any sense. Must be a saga behind all this.

Original poster

gwyneira5 · 02/11/2019 18:43

no saga, there was no fall out just ended like that with one keeping it all. All I could tell her what you never had you wont miss.

OP posts:

Namechangeforthiscancershit · 02/11/2019 18:44

All I could tell her what you never had you wont miss

Very true

TinklyLittleLaugh · 02/11/2019 18:52

Fil put his property in BIL's name to try to avoid care home fees. He did this 15 years ago on the grounds that DH was wild and flakey and BiL very sensible. Anyone who knows them will tell you it is actually the other way around.

Anyhow, FiL sadly passed away recently and BiL is honouring the deal to sell the place and split the proceeds. He could easily choose not to though; we are much better off than him.

Ironically, FiL never incurred care home fees because he lived with us for the last year of his life. But because BiL already has his own house, and pays higher rate tax, FiL's property will incur a fair amount of capital gains taxas a second home (no one would listen to me when I pointed out that this was likely to happen).

It sounds to me like similar has happened to your friend. It's against the law to sell a property for a cheap price to avoid tax. In her place I'd be pissed off enough to report them to the tax man.

TatianaLarina · 02/11/2019 19:03

Once the house was put in the sister’s name it was game over.

sonjadog · 02/11/2019 19:09

I think there is a large part of this story that you are not being told.

Ferretyone · 02/11/2019 19:22

@gwyneira5

As @Namechangeforthiscancershit says "if" the house was legally transferred on the "deeds" then after so long there is - I'd guess - nothing whatsoever that needs to be done.

The person on the deeds "owns" the property. Anything extra is the will is dealt with under the will

BingoLittlesUncle · 02/11/2019 19:50

Once the house was put in the sister’s name it was game over.

This. She owned the house and your friend's wife's sister (or whoever it was) was stuffed.

Original poster

gwyneira5 · 02/11/2019 21:14

There is no more to the story there was no split in the family till after the death and she was told she was going to get just a quarter. This was expressed in a letter written by the mother apparently though not a legal document, but the house now sold the sister is not keeping the mothers wishes just keeping all the money sad

OP posts:

contentedsoul · 02/11/2019 22:31

To all those saying Karma isn't real ….maybe it is or isn't.

But FATE is real and it's often worth remembering that NOBODY leaves the world holding all the Aces...Nobody.

Whilst I don't believe in Karma, I am superstitious and really do think that life throws both good luck and bad luck....If you're on a winning streak..then you better get ready.
Because fate is going to come and give you a smack exactly in proportion to your good fortune.

It always does, always has and always will.

That's what life is...….

spanglydangly · 03/11/2019 06:26

One reason to put it in my be persons name is to avoid care fees, it's called deliberate deprivation of assets.

The other three reason could've been coercion by the sister.

Putting a property into someone's name because they've got money problems is not a good move.

Parts to this story are missing.

Hellofromtheotherside2020 · 03/11/2019 06:55

Your poor friend.

My mum left me £100,000 in her will. She got married less than a month before she passed away. She wasn't in a good state of mind and I believe she was pressured into it. The marriage made her will null and void, she didn't know this.

Her new husband is now a very rich man. I am not losing sleep over it though - however I do lose sleep over my mountain of bills etc.

I do believe in karma tho... I'm happy. Her new husband isn't despite having all that money. That's enough for me.

sonjadog · 03/11/2019 09:01

You don't know there isn't more to the story. You aren't in the family, and you only know what your friend has told you. You don't know what she hasn't told you because, well, she hasn't told you.

Even if you are in fact "your friend", there will be two sides to this one and I bet the sister would tell it very differently and bring up other points.

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