Losing a loved one is never easy. Along with the grief often comes the responsibility of winding up an estate and making important decisions about the assets left behind. For many families, one of the most emotionally charged assets is the family home.

It is not uncommon for siblings to inherit a house together, only to discover that they have very different ideas about what should happen next. One sibling may want to sell the property immediately and divide the proceeds. Another may feel emotionally attached to the home and want to keep it in the family. Someone else may see it as an investment opportunity and suggest renting it out.

As we recognise Wills Month, it is worth remembering that disputes over inherited property are among the most common challenges faced by families after the death of a loved one. These disputes are often not about money alone. They are about memories, emotions, financial pressures, and sometimes long-standing family dynamics that surface during an already difficult time.

When several beneficiaries inherit a property, they generally become co-owners once the estate has been finalised and the property has been transferred to them. This means that significant decisions regarding the property should be made collectively. In an ideal world, families are able to sit around a table, discuss their options, and reach a solution that works for everyone. Unfortunately, reality is not always that simple.

Fortunately, there are usually several options available. The beneficiaries may decide to sell the property and divide the proceeds according to their respective shares. If one beneficiary wishes to keep the home, they may be able to purchase the interests of the other beneficiaries. In some cases, the family may agree to retain ownership of the property and rent it out, sharing the rental income. Every family's circumstances are unique, and the most appropriate solution will depend on both the financial and personal considerations involved.

When agreement cannot be reached, seeking legal advice early can make a significant difference. A legal practitioner can explain the rights and obligations of each co-owner, assist with negotiations, and, where appropriate, recommend mediation as a way of resolving the dispute without resorting to litigation.

If you and your siblings have inherited a property and cannot agree on what should happen next, obtaining legal advice as early as possible can help you understand your rights and explore practical solutions. Likewise, if you have not yet prepared a will, or if your existing will no longer reflects your wishes, now is the ideal time to review your estate plan.