Dear Forum Members,
I would like to know more about the best way to leave part of a property I own (50%) for my 3 children, leaving a 4th child out. The other 50% belongs to my partner.
Questions:
1. Would the 4th child would be able to contest this, after my passing?
2. How much Stamp Duty, if any, would the 3 children have to pay in NSW, if no money is not received. One of the parents wants just include them in the title.
3. Having the children included in the title with one of the parents, is it best to have "Joint Tenants" or "Tenants-in-Common"?
Thank you for your help.
VVV999
I would like to know more about the best way to leave part of a property I own (50%) for my 3 children, leaving a 4th child out. The other 50% belongs to my partner.
Questions:
1. Would the 4th child would be able to contest this, after my passing?
2. How much Stamp Duty, if any, would the 3 children have to pay in NSW, if no money is not received. One of the parents wants just include them in the title.
3. Having the children included in the title with one of the parents, is it best to have "Joint Tenants" or "Tenants-in-Common"?
Thank you for your help.
VVV999
