Quote:
Originally Posted by Nick
Thanks Parsnip and Bev for your replies.
Just as a matter of interest, the mother (grandmother) is still living, does this change anything? Clutching at straws here. I would think in English law it more than likely wouldn't.
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I was wondering about that from the way you had phrased your question.
It would depend upon exactly what sort of donation she had made to her children. Some donations are revocable and if so, she could revoke the donation, sell the property as she likes and then the money will go to her kids (or her kid's kids) when she dies.
If the donation wasn't revocable, I doubt there is anything she can do.
The catch to all of it is that if she is selling to her granddaughter at a bargain price, the other heirs can come back later saying this was an early distribution of the estate (at least to the extent of the "discount" accorded the granddaughter). It can get pretty complicated.
Cheers,
Bev