Following my mother’s death, myself and my younger sister were named as administrators of her estate as my elder sister lives several hundred miles away. We now have the letters of administration, and the intention is to sell the property we have inherited. However, my elder sister is unable to travel to assist with the paperwork and my understanding is that if all three of us are to be named on the land registry records, we each need to sign the AS1 and AP1 documents in the presence of witnesses, so we can’t just post the documents to her.
Once the property is sold the proceeds would be split three ways, but is it a requirement that it's transferred into all three names or is it possible to transfer just to the two administrators pending the sale? If either option is ok, are there any benefits or complications in going one way or the other? Any help you can give would be very much appreciated.
Once the property is sold the proceeds would be split three ways, but is it a requirement that it's transferred into all three names or is it possible to transfer just to the two administrators pending the sale? If either option is ok, are there any benefits or complications in going one way or the other? Any help you can give would be very much appreciated.
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