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Don't know much about trusts, but what I do hear makes me nervous of them. Was hoping just something in a Will would be enough. Is there any other way, rather than the Trust option?
Under Trusts though, you can't get a mortgage (from what I was told) or others are involved with decisions to do with the property, so Your property isn't really Yours anymore?
OK, sounds like a road we might have to go down and check out.
Was stressful last time with a Will, due to a lawyer obviously in the throws of a divorce and she was very anti my stance and reasons why I feel the children have claims under the other property. Don't want to have to go through that again and I refused to sign the Will and walked out due to her attitude, so Will is now very old and completely out of date with my daughter now turning 30 this year.
Expect some expense, and not like I have major money or property now but what I have, is what has been built up with a hard working partner who pushed to get the best from me and make a new life and she and my daughter deserve to gain from that and not have it stolen away. If I die first and in my Will it is gifted to my partner does that mean no claim from other children and it goes all to her.
Thanks for the advice on above, makes sense. Will first and Trust to follow, at least you work out an idea of your lawyer and where they stand as well.
Yes, wonderful and will click Excellent Service when finished. Just one more question. If partner died and I was left, can I sell my property to my daughter for minimal sum? Ie give it all to her that way?
Ah, hadn't thought about that one. Thanks for the advice. Much appreciated.
Isn't that always the case!! Blast!!!
Interesting to know applies in Trust as well, will have to have a good think on all this and turn it over with partner and see what happens. Thanks again.
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