• Gifting A House From An Estate

    By Guest on 24th Jun 2015

    My wife and sister are joint executors and beneficiaries of an estate which includes a property. My wife has agreed to buy the proerty from her sister and then wants to gift it to our daughter. Presumably only the Land Registry transfer is needed and if so can it be transferred direct from the estate to our daughter or does it need to be done in separate stages from the estate to the beneficiaries, then to my wife and then to our daughter.
    Thanking you in anticipation

  • 2 Answers

    By Guest on 24/06/2015

  • By Guest on 24/06/2015

    From a purely conveyancing point of view there's no reason the two executors can't transfer the property directly to your daughter. You should get some advice on possible tax implications however as well as whether there are any implications in terms of the executors' duties to deal with the estate in accordance with the will

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