What happens to my flat if I pass away?

What happens to my flat if I pass away?

Under joint tenancy, if one of the flat owners passes away, the deceased joint tenant’s share or interest in the flat will be passed onto the surviving joint tenant(s). For example, husband and wife (both above 21 years old) are holding the flat under joint tenancy.

Can a mother make a will in favour of her son?

A You can make WILL in favour of your son by excluding the daughters. If no WILL is made, on death all the legal heirs which includes daughters, have equal share in the property along with sons. Q11. My mother owns a flat in her name.

What happens to a flat if there is no will?

The Executor is the person named in a Will to administer the deceased’s estate. If there is no Will The deceased’s interest in the flat will be distributed according to the provisions of the Intestate Succession Act. The deceased’s family should engage a private solicitor to apply to the Courts for a Grant of Letters of Administration.

Can You Leave Your House to your son?

If other owners are on the title to the house, you might not be able to leave the property to your son. If the other owner has rights of survivorship, the property automatically is passed to him regardless of the deceased’s will. If you hold title in a tenants in common vesting, you own a specific share of the property.

What did my mother leave in her will?

My terminally ill mother’s will provides for myself and my two siblings, leaving a house to one and a cash sum to myself and my sister. However, it appears that there will be little or no cash in the estate when she passes and my other sibling advises he will keep the house, leaving little to be shared as per my mother’s wishes.

The Executor is the person named in a Will to administer the deceased’s estate. If there is no Will The deceased’s interest in the flat will be distributed according to the provisions of the Intestate Succession Act. The deceased’s family should engage a private solicitor to apply to the Courts for a Grant of Letters of Administration.

Is it better to leave the house to your son or daughter?

Leaving the house to your son and other property to your daughter might be a better solution. A conversation is also the best way to head off surprises, which are a main cause of hurt feelings after a death. If your children know why you made your estate plan, they’re less likely to be angry (at you or each other) when the time comes.

What should I do if my mother leaves the house to my brother?

Alternatively you might be able to appeal to your brother’s better nature and ask if he would be prepared to do a Deed of Variation after your mother’s death to allow some of the property to pass to you and your sister. Even if he wants to retain the house, he might be in a position to then buy you out of the shares he has given you.