Legal advice needed

My mother in law is living in Spain and recently diagnosed with Alzheimer’s . Her property is shared 3 ways with her two sons . Can she transfer her third of the property to her sons without huge taxes so she can com3 back to England to her family . Also how would this be done ?

Any advice gratefully recieved

Hi,

I cannot tell you for sure the situation as the law changes from time to time+ but as you have not had any replies here goes !


Your mother-in-law could just go back to UK and live there but still be a part owner. 

There would be taxes if she were to transfer the property to the other part owners. I cannot say for sure what that would be but I would be inclined to ask a notary.  If you were to do it you must make the contract before a notary. They can draw up all necessary papers, so no need to employ a lawyer oif any type
.

I assume the lady has made a Will, so if she were to live in UK and do nothing at some time the Will would become active.   

There has been a change in inheritance tax laws, which will apply from 1st January, 2018, which would mean there would very little inheritance tax. Of course the heir/s would then have to re-register the property show who was / were the owners as from then..

Sorry I cannot be more helpful.

Regards  John

Very helpful to me John, could you give me a link to more information about the change in the law regarding inheritance tax. 

Thanks

Tim

I sent you a message

Agree. I would also like the link on the inheritance law change. Thanks.

Not sure if I can post the link, but I have PM'd it

Alzheimer’s  or similar.

If a person is not mentally competent to sign legal documents, that would create problems and is something which must be considered.

Got it. Thanks.

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