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Property sale

  • 08-03-2016 7:47am
    #1
    TedKenny
    Registered Users, Registered Users 2 Posts: 16 ✭


    If person A is due to inherit property from person B, is it possible for person C to come to an legal agreement with person B to buy the property as soon as it inherited.

    The agreement would be valid from when it is agreed until the sale occurs.


Comments

  • #2
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    A much surer way of doing it would be for Person C to purchase the property now granting a life estate (or the modern equivalent) to Person B.


  • #3
    Carawaystick
    Registered Users, Registered Users 2 Posts: 8,779 ✭✭✭Carawaystick


    MarkAnthony wrote: »
    A much surer way of doing it would be for Person C to purchase the property now granting a life estate (or the modern equivalent) to Person B.

    does the S14 of Land And Conveyancing Law Reform Act 2009 not prevent this?


  • #4
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    It does, but there is a modern equivalent trust IIRC.


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