Land Registry practice - AS1 or TR1?

Trusts Discussion
1

Hi all,

We need to transfer the deceased’s property (in sole name) to one of the beneficiaries (A).

A’s share of the estate is less than the value of the property, and so it is agreed by all concerned that the PRs will assent as much as they can to A, and then A will buy the excess from the estate.

We seem to have a partial assent and partial sale.

Form AS1 doesn’t seem to fit the bill, so I assume we will use TR1?

Also, I assume that it will be A’s choice (and risk) whether to involve a conveyancer or not? This is the house that A has been living in (as a tenant) for many years.

Any advice welcome,

Many thanks

2

Hi Roger,

Not sure a TR1 will work as the owner cant sign it. You’d need to AS1 to executor / then tenant.
The tenant could make a payment back to the estate (private arrangement).

I’d be inclined to involve a solicitor in this type of case.

Richard C. Bishop
PFEP