I own half the property in which my gran resides, but she is going into care now. What will happen to my share of the property?
If the property is sold, you will get your half of the proceeds back and the local authority will reassess your gran, taking into account her half of the money. Alternatively, you could buy your gran out. You need to employ a valuer to view the property, but it is possible that you will be able to pay less than half of what the property is worth, as you will be the only willing buyer.
Related Questions
- Can a joint tenancy title be changed without permission of the other joint tenant, and is my mother entitled to all or half of the property?
- I dont want to leave my half share of my property or investment to my coowner. Can I do that under the Will?
- Can I stop the property from going into a Tax Lien Certificate Sale by paying half the bill?
