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Home is where the heartache is when passing it on to one child

Leaving the family home to one child can trigger crippling tax and legal bills, writes Louise McBride

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Inheritance, rather than work, could be the best chance which many of today's millennials have of ever owning their own home. This is because soaring property and rental prices have prompted a high proportion of young people to give up on their dreams of getting onto the property ladder.

Inheritance of the family home could therefore be the most viable route to property ownership for either you - or if you're a parent, your child. It can be a costly, complicated and contentious route however - if it's not done right. Here are some things you should know about leaving the family home to one child.


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