Business & Investment

Can I include the willingness of children to sell my home when I die?

I would like to prevent disagreements with my parents’ home when they die. Can I instruct them to sell the property and evenly distribute the proceeds?


I would like to make sure that there is no debate among the children about selling or leaving their families home when I die.

Is it possible to include in my will the instruction that the property should be sold and the proceeds should be evenly distributed among them?

Conflict Avoidance: I want to get my kids to sell my property when I die so they can’t fight it (stock image)

This is money, Tanya Jeffreys answers: After the death of the last surviving parent, we often receive sad stories and legal questions from siblings who are wondering what to do with their parents’ home.

This can be tricky, especially when someone wants to keep the property I can’t afford to buy someone who likes to sell.

Even siblings who have agreed on what to do and are in good shape, for example, Debt that can only be settled by selling a house.

So, if you anticipate a dispute between children over this issue, clarifying your wishes now will ensure that you avoid it.

However, be aware that it can now settle and get caught in a family line.

Only you can know if your plan can soothe everyone or just bring hostility to the fore-while you’re still alive. It will be your own disadvantage.

However, keeping the instructions secret in your will may be counterproductive if your child is surprised by them after you leave.

If you decide that it is best to ensure that your home is sold when you leave, you can get a lawyer to create the will to achieve your goals ..

We asked an experienced lawyer in this area to explain what to do and potential pitfalls.

Katie Arsop, a partner of the controversial prosecution team at law firm Wright Hassal, replied: The best starting point for avoiding discussions after you die is to write a will, no matter who you want to benefit from your property.

Katie Alsop: It's usually unexpected to cause family dropouts.

Katie Alsop: It’s usually unexpected to cause family dropouts.

The next positive step you can take is to talk to your family so that you will not be surprised when you die. It is usually unexpected to cause a family to drop out.

Remember to prepare a list of all the issues you want to cover and the questions you want to ask when you give instructions to your lawyer for your will.

In this case, you’re ready to explain how you want the executor and trustee to act, and the specific details you want your child to basically inherit the sale price, not the property. Must be.

With regard to the sale of real estate, you can include clear instructions to the executor and trustee that you must sell in the will.

You can also specify whether you want to sell in the open market or at auction if you have special preferences.

That said, it’s wise not to limit your sales to the point where it’s difficult to follow your instructions.

When it comes to certain bequests to your child, it is important to distinguish between leaving your property equal among your children. In that case, they are each interested in property and property.

More specifically, this achieves your purpose by stipulating that your child should have an equal share of the net sale income of the property.

You should discuss with your lawyer how property is treated in the context of the rest of your property.

To achieve the results you want, it benefits your child, or someone other than your child, but if you have an unequal share, you have property and sales income as a remnant of your property. You need to ensure that it does not fall into the known category.

This is also important because the treatment of certain gifts, such as real estate sales and residual real estate, in this scenario is different.

For example, real estate liabilities are paid from residual real estate before the distributable amount is calculated.

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Can I include the willingness of children to sell my home when I die?

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