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property ownership senario
no_nonsense_2
Posts: 3 Newbie
hi my mother has a commercial property and unfortuntly is terminally ill with cancer im her only son but im unable to take the property from her as i was made bancrupt 2 months ago wich means any assets i might have will have to be sold to pay my creditors what can we do to keep the property as she wants me to have the property,i do have children but there mother is on benifits and i understand if they have the property it will effect there income any info on this would be great manythanks for your time regards :beer:
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Comments
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Would the value of the inheritance exceed the amount required to clear your bancruptcy?..0
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What would happen if it was just left to the grandchildren?0
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Robert_Sterling wrote:Would the value of the inheritance exceed the amount required to clear your bancruptcy?
in my case no my bancrupsy exceeds 6 figures0 -
if it was left to the grand children i think it would need to be as a trust fund in wich case it costs a bit to set up and keep goingmatto wrote:What would happen if it was just left to the grandchildren?0
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