Hi there. My daughter’s have inherited a third of their grandma’s house (stated in will) which is tenanted, it was tenanted prior to the death. Should they be receiving a third of the rent, until the house is sold and split 3 ways?
Any help with this or signposting appreciated.
I’d say yes, and paying 1/3 of the costs. The executor should presumably manage this in the short term & keep appropriate records, distributing any funds once able.
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Thanks Karl, that is what I thought
unless probate has been granted and the property is in her (and other inheritors’ names) then no, it belongs to the estate of her late grandmother and no monies should be touched. Once probate is granted, executor can distribute funds and you will be able to do the transfer IF the funds aren’t swallowed by any tax/debts owed by the deceased.
You should have a solicitor dealing with the will/probate and they will advise you.
Edited to add that I know this from personal experience managing a very complex estate as executor and inheritor.
you have to wait till probate is granted. Then executor will distribute after taxes/expenses paid
Meanwhile the estate has all the liabilities of being a landlord. I would suggest getting some legal advice from a housing specialist on the position of the executors and the grand-daughters. Id also consider getting some professional management if there isnt any already.
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