House Clearance Help & Advice: Putting your loved one's home up
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If and when the time comes that your elderly parent has to move into
a care or nursing home or they should pass away and no will has been made
then the closest family member will be the administrator for the estate.
This means that they will be held responsible for making sure all debts
have been paid and the belongings of the deceased shared and the home
sold if they owned property.
If the elderly person will be going into a care home and you are going
to be claiming for help with the cost of the care home and get help then
if they have their own property this will be counted as collateral after
the parent has lived in the care home permanently for a period of 12 weeks
or longer. However if a close relative of the elderly person is residing
in the home then the home cannot be counted.
If you are going to put the home up for sale then first you will have
to get a grant of probate or letter of administration in order to run
the persons finances and make important decisions. A grant of probate
is always needed is you wish to transfer deeds of a property or sell the
property of a loved one.
Before you can get a grant of probate the first thing that has to be dealt
with is the HMRCs requirements. What this means is that you need
to get a valuation of the estate at the time of death and this can take
some considerable time to accomplish. A copy of the death certificate
will be required along with other financial documents which can vary.
One particular point to note is that if and when the home of the deceased
is sold there could be capitol gains tax on the house if it has gained
in value since the time of death and valuation.
There are many ways that you can sell the home of the deceased perhaps
the easiest way is if any of the relatives wish to buy the property from
you to keep it in the family. If you are putting it up for sale outside
of the family then of course you are going to want to get the best possible
price for the house. In order to do this you will have to have the house
appraised and valued, it can be very costly selling your loved ones home
and a good estate agent is essential if you are going to get the best
You can help matters by making sure everything is neat and trim such as
the gardens, flowers and hedges and the walls have had a fresh coat of
paint. You could also consider spending a little on decorating the inside
of the home especially if the decorating was to the tastes of an elderly
person, this will make it more appealing in the eyes of younger people
who might be interested in purchasing it.
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us via e-mail.
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