The increasing property prices have made it difficult for young adults to get on the property ladder and estimated 3 million single young adults are living with parents.
This has led to potential conflict situations over future ownership of the family home. Disputes can arise between siblings when one is living at the property and wants to remain there after the parents die, whilst the other siblings want to sell so they can access their Inheritance.
The best way to avoid conflict between the children is to ensure there is a Will in place that clearly stipulates what should happen to your assets, including the family home.
Claims against the estate are expensive and cause unnecessary division between the family. However, straightforward or complex your situation is, planning and discussing your individual circumstances with a solicitor is the best way to ensure your instructions are clear.
To speak to our Private Client Solicitor Haroon Qayum, call us on 0121 233 6912 or email email@example.com