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Time limit in Will re tenant in common

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  • Time limit in Will re tenant in common

    I know about "life interest" but is there an option re tenants in common to have a will that gives the other tenant a specific amount of time to sell (rather than their entire life)
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  • #2
    A life interest is exactly what it sais, an interest for lifetime. If that person decides that they no linger want the interest, then they can arrange for it to be removed in favour of the eventual beneficiaries, so the property could be sold and net amount distributed. Only the one with the Life Interest can decide to make that change, not others.

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    • #3
      I am sure that a will can be drafted in those terms. A good private client solicitor can advise on the wording.
      Lawyer (solicitor) - retired from practice, now supervising solicitor in a university law clinic. I do not advise by private message.

      Guides and handbooks for Litigants in Person - :

      https://legalbeagles.info/forums/for...60#post1701560

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