There’s much to consider when inheriting property, not least for the next generation, so seek expert help
MANY of the younger generation, the so-called ‘millennials’, are now banking on an inheritance to hop on the property ladder and according to a recent report, they may not have to wait that long. An astonishing 18 million-plus people in the UK are expecting to inherit all or part of a property worth almost £350,000.
The research by bridging lender MFS also reveals that 67 per cent of those surveyed had no intention of living in the property and would be looking to sell it as soon as possible, either reinvesting the money or handing it down to the next generation.
However, selling an inherited property can be a fraught experience, from dealing with clearing the house to the complexities of inheritance tax and dividing the proceeds with relatives.
When Lydia King’s father died, leaving the family home to her and her brother who lives in Australia, she felt mixed emotions when it came to selling up.
“My father wasn’t well before he died so we wanted to make the house look more liveable. We kept the gardener on and refreshed the hallway so that it could be sold with dignity,” she says.
Bu hikaye Kent Life dergisinin February 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Kent Life dergisinin February 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The choice of leaders
It’s a small, scenic Kentish market town on the border with Surrey, famous for not one but two great leaders. We take a look around Westerham
The eco-warriors
Awarded a Queen’s Anniversary Prize in 2019 in recognition of its research in global nature conservation, the role of Kent-based DICE has never been more relevant
Kent's most CURIOUS MONUMENTS
Our county can boast some of the most celebrated and downright unusual protected mouments in the country
Ghosts of a river's life
Kent Life discovers an an other-worldliness about the marshes, creeks, and saltings of the lower reaches of the river Medway
The return of the son
The Unknown Warrior’s journey from the World War One battlefields via Dover to his resting place in Westminster Abbey is 100 years old this month
We will remember
In a year when we got an inkling of what living through a war means, we remember the 75th anniversary of the end of the Great War
Age-old advice
Just become a grandparent for the first time? Perhaps you need a little guidance, so here are some top tips about how to embrace your new family role
10 GOOD REASONS TO VISIT Medway Towns
A vast Dockyard, a Napoleonic fort and a JCB diggers theme park - let’s visit Chatham and Medway
KENT'S CREEPIEST- GHOST STORIES
Here are 10 tales to make you shiver as we celebrate All Hallows’ Eve
Joking apart
From his home in Broadstairs, Royston Robertson comes up with satirical, topical and sometimes just plain silly cartoons