Inheriting a property from your parents can be a big moment — but it often comes with questions and decisions you might not be prepared for. Whether it’s a family home or an investment property, understanding what happens next can help you handle the process smoothly and avoid unexpected problems.
The Basics of Inheriting Property
When a parent passes away and leaves you their property, the first step is usually going through probate. Probate is the legal process that confirms the validity of their will and gives you the authority to deal with their estate, including any property.
If your parents left a will, the property will generally pass according to their instructions. If there isn’t a will, the property will be distributed according to the law (called “intestacy rules”).
What Do You Need to Do?
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Apply for Probate: This allows you to legally manage your parent’s estate.
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Pay Inheritance Tax (if applicable): Some properties may be subject to inheritance tax depending on the estate’s value.
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Transfer Ownership: Once probate is granted and any taxes are paid, ownership of the property can be transferred to you.
What Are the Challenges?
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Managing Costs: There might be ongoing costs like mortgage payments, property maintenance, or council tax to consider.
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Deciding What to Do: You’ll need to decide if you want to keep the property, rent it out, or sell it.
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Legal and Financial Advice: Handling legal paperwork, tax issues, and valuations can be complex.
How Can Freeman Jones Solicitors Help?
We understand that inheriting a property can be both emotional and complicated. Our expert team can guide you through every step — from probate applications and tax advice to helping you understand your rights and options.
Don’t face the inheritance process alone. Contact Freeman Jones Solicitors today to get clear, friendly advice tailored to your situation
Whether you’re just starting to think about inheritance or you’re already managing an estate, we’re here to help make the journey easier.
Get in touch now for a free initial consultation — let’s talk about your options and how we can support you.
Want to talk things through in person? Visit your closest Freeman Jones Solicitors office in Chester, Liverpool, Warrington, and Wrexham. Our friendly team is ready to listen, answer your questions, and support you every step of the way.
