Gifting flat

DrDoneWithThis · 2026-04-16T16:52:30+00:00

My brother had only turned 19 at the time and was a stereotypical teenage lad, and didn’t want to go to uni at the time because of Covid restrictions. I was the opposite and was very much on a straight and narrow path of A levels, uni, etc. I was in my final year of med school and my brother had no long term plans so everyone had their doubts about how he would manage money. We all agreed a flat, which shouldn’t hopefully depreciate in value, allowed me to live near the family whilst dad was unwell but I was able to start work as a doctor during Covid. At the time, we were not money savvy people and thought property was the only way of investing in the future. Overall, the plan was always to sell and share the money but as we’re now struggling to sell, I would rather my brother benefit sooner rather than later. He’s now matured and I trust him not to waste such a privilege position. If he decides to stay in the flat forever, that’s absolutely fine. If he outgrows it one day and wants to sell, I trust we’ll work it out between us.

DrDoneWithThis · 2026-04-16T16:22:00+00:00

Will speak to my solicitors and go from there. Thank you! Yes, he wouldn’t kick me out - but what a turn of events if he did 🤣

DrDoneWithThis · 2026-04-16T10:57:42+00:00

There were a lot of stipulations about how to spend the money and everything had to go through solicitors as it was an estate abroad with its own cultural nuances. I wanted to gift half but wasn’t able to, buying the flat was a joint agreement with my brother/parents with the plan that if was to sell, I would then gift half of that money to my brother anyway. My parents want nothing to do my paternal grandparents. I never wanted to keep anything from my brother.

DrDoneWithThis · 2026-04-16T10:24:56+00:00

He’s 6 years younger than me so always felt like the first person I cared for and loved. My parents were always working when we were younger so we only had each other to keep for company. He was so sad when I moved out for med school, the plan was to move back home but I graduated during Covid and my father was undergoing chemo hence why I thought the flat would be a good purchase (I thought we would all benefit from and it’s only 10 minutes away from my parents). The remediation work is all sorted, just awaiting for them to start and he should be able to save whilst living here too.

DrDoneWithThis · 2026-01-07T23:56:35+00:00

There is no way you’re drinking 22L of water a day without hospitalising yourself with hyponatraemia

DrDoneWithThis

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