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andrew m | My brother has persuaded parents to put their house in his name,when they die will i still get any inheritance |
he persuaded them to put their house in his name so he could lend against it to pay credit cards off,now he keeps lending against it ,even tho he hasnt paid ant cards off.do i have any claim on the house? is there anything i can do to stop him lending the full value,then refusing to share when the time comes with me and my other brother.we have both left home but he is still living there !!! what can i do if anything ? |
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english bob
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be careful you might get caught with his bills |
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nickthesurfer
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You will not get anything as 'he' and not your parents is the owner of the property. If the deed has been transferred, then you have no right to claim against the property and unless your folks had a solicitor add something tot he deed of ownership in your favour, there is nothing that they can do to assist.
Sadly (as you seem to be aware), borrowing against a property is a very bad idea. It sounds as though your brother is about to reduce your parents home to nothing more than a pile of bills. |
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Amanda H
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IF the house is in ONLY his name, than your parents and their estate have no claim to it. He's basically Pi$$Ing away your inheritance.
Demand that he cease what he's doing. Get a title report for the property and see what the total mortgages are on it. He's screwing you over. |
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tikitiki
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Wow, why would they do that? Do they realize they could lose their house? Not to sound like a jerk, but are they in good health, capable of making good decisions? If not, you could get a lawyer to dispute what's been done and go for power of attorney over them. Regardless of that, I'd still talk to an attorney about it and see if anything can be done. Good luck! |
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dave
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oh dear! i am guessing that your brother is your parents favourite and / or they feel some guilt about him turning in to such an irresponsible prat and therefore treat him with too much favour.
There is nothing you can do to affect your parents decisions regarding inheritance. it would look money grabbing because it is.
What about your poor parents being kicked out of thier home when he has spent everything? thats got to be even worse.
I assume you have your own life and pay your own bills. if so, then good for you. feel sorry for your brother he is a spoilt child. its you that will be happier in the longer term. inheritance or not.
final thought - isnt it better to be self made in life? |
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the-exile
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You and your other brother need an urgent talk with your parents to sort this out, try the citizens advise, they may be able to give you the legal facts. Good luck |
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peg.dave@btinternet.com
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For certain you wont get the house. |
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african lion
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Once its registered on his name, ,,,,,,,That's it, done, its his !!
You will have no legal claim, but you might not want that, as it might cost you a pretty penny !! |
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greyfoxx
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Go to the CAB.Try and talk to your parents on thier own.Just one more thing.You dont have a "right" to an inheritance.Its down to your parents on if they decide to leave anything to you.Or nothing.
Sorry but thats how life is. |
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becky21080
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Worryingly, if he keeps piling up the debts then there may not be a house by that point in time if he goes under and the house is repossessed. You should make your parents aware of this risk in the hope that maybe this matter can be discussed, if he is not aware of the dangers of debt, else you could all lose out. |
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Helen C
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IF THE HOUSE IS ALREADY IN HIS NAME THERE IS NOTHING YOU CAN DO, AS YOUR PARENT ARE STILL ALIVE AND THEY ARE ENTITLED TO DO AS THEY PLEASE WITH THEIR HOME. IF HE IS BORROWING AGAINST IT THEN FRANKLY HE'S PROBABLY SQUANDERDED IT BY NOW. HEART BREAKING I KNOW, BUT NOT MUCH ELSE YOU CAN DO. |
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purple_amanecer
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As long as your parents leave you something in their will, there is nothing you can do. My Grandfather only left a dollar to my aunt and she couldn't do anything because he left her that little bit.
If you are not in the will at all, legally siblings are to split everything equally.
But if the house is in his name now, you aren't entitled to anything because it is already in his name.
Sorry... |
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cookie
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You need to check with a lawyer. The only way you will have any claim on your parents inheritance is if they mention it in their will. You need to understand that your brother has the house right now and if he is borrowing against it, it won't be worth anything when you might be entitled to it. The bank will foreclose on it. You might want to check with your parents now that they are still alive and get as much information as you can. Thank you. |
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td2_5000
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You might still get an inheritance if your parents have other assets, but you won't be entitled to any share of the house (unless, as already said, a specific clause was added when title was transferred).
If he keeps using the house to secure more borrowing but not paying it back, then there is a real risk that the lenders will reposes the house - making your brother and your parents homeless. You need to speak to the rest of your family and the Citizens Advice Bureau / a lawyer ASAP! |
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alatoruk
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you could try to get a soliciter to put a "charge" on it, but i dont think they will. If your parents left it in their will that he got it al, you would get nothing and this is no different. If they have given it to him without something legal to say he has to share it with you then im afraid you are "sans inheritance" |
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boston857
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Since he is the owner on record, the property has effectively been conveyed from your parents to him. They can't even bequeth it to you in their will since it is no longer their property.
They should have taken out a second mortgage on the property and ensured it provided in the will that any proceeds from the sale of the property made out to him would be less the debt he owes them..........you had better sort it out right now while your parents are still around to make their intentions known. I recommend the services of a good estate lawyer. |
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Old Fart
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The way things seem to be going is that he will spend the house and when the lenders wan`t their money............goodbye house.
Everybody on the street. |
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THEMENACE47
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holy crap, i thought this kind of crap was for tv movies only
isnt it up to your parents to decide what they give and who they want to give it to?
you ask this question as if you are owed a part of the value of the house. you might die b4 ur parents do anyway. or they may give everything to 1 child , or even give all of you nothing, and donate it.
point is... its really none of your business until they are gone. and if they know that you are already bickering about what you get after they die, then shame on them for raising such a complete jerk-0ff.
if it was me, id remove you completely from the will as soon as you you approached me to tell me that your sibling is wasting "your" inheritance
you greedy dungball of a man, go do something nice for your parents, and think about what you can do for them in their final days. start saving now too, cause its gonna be expensive.
dont have kids |
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McGoo
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You have been screwed, and if what you say is correct, so have your parents, if your brother keeps borrowing and getting into debt he will loose the house and your parents could end up on the street, I would see a lawyer a soon as possible, before there is nothing to save. |
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arethusa_lad
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the deed has been done, the house is his and your goose is cooked............... |
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