Advice on deed

ravenfield

Hi everyone I am having a bit of trouble reviewing a deed that I need to sign. Is there any lawyer here or anyone who can advice on deed? It is just a simple deed (2 pages) regarding a house that belong to my fiancee family that I need to sign. I need some quick advice before I decide I should seek proper legal. Trying to save some money if possible Anyone can help me? Thanks

Doozergirl

It's easier if you just tell us exactly what you want advice on Otherwise you're just asking permission to ask, iyswim.

ravenfield

This issue is now over and has been resolved. Details of contract documents removed to avoid sentitives issues.

ravenfield

Hi Dozergirl,

Thank you for your comment. I am very tired now so I try and make it quick.

1. "The Parties have read and understood this Deed, are executing this Deed voluntarily, and believe this Deed to be fair and to represent their intentions with regard to any current or future assets and liabilities." Is this line necessary to talk abut future assets when all I understood is this particular property that they want to secure.

2. "3 WILLS AND OTHER TRANSFERS OF PROPERTY" Please correct me if I am wrong, but i believe this part says this deed has no relation to other wills or property not mentioned here?

3. "7 Paragraph Headings." Please correct me if I am wrong, but does it means they can simply add more details into it later as they wish?

4. Forgot to ask about the page numbering. Do I need to worry if it doesn't say page 2 of 2?

Thanks

ravenfield

Anyone can comment?

poppysarah

Having to sign a deed before you get married?
Is that what you want to do?

It is a legal document that you should take personal legal advice on.

ravenfield

Yup. Just a family member wants it done this way. I didn't expect things to get this complicated. Now I wish they just done it via their wills

Richard_Webster

2. "3 WILLS AND OTHER TRANSFERS OF PROPERTY" Please correct me if I am wrong, but i believe this part says this deed has no relation to other wills or property not mentioned here?

YYY gets no share in the property in question but that doesn't stop XXX leaving it by will or transferring it, or a share in it, to him/her by separate conveyance/transfer.

3. "7 Paragraph Headings." Please correct me if I am wrong, but does it means they can simply add more details into it later as they wish?

No can't add more details - means that if there is an argument about what the deed means you ignore the paragraph headings

4. Forgot to ask about the page numbering. Do I need to worry if it doesn't say page 2 of 2?

No

ravenfield

Richard_Webster wrote: »

X

Thanks Richard for your responses. However on page 1, it says something about future assets and liabilities.

The Parties have read and understood this Deed, are executing this Deed voluntarily, and believe this Deed to be fair and to represent their intentions with regard to any current or future assets and liabilities.

I am not sure if the above underline details mean any future assets we buy belong to them? as in XXX, MMM and NNN?

poppysarah

ravenfield wrote: »

Thanks Richard for your responses. However on page 1, it says something about future assets and liabilities.

The Parties have read and understood this Deed, are executing this Deed voluntarily, and believe this Deed to be fair and to represent their intentions with regard to any current or future assets and liabilities.

I am not sure if the above underline details mean any future assets we buy belong to them? as in XXX, MMM and NNN?

Get proper legal advice.

Mine is to not sign it and find someone else.

DVardysShadow

poppysarah wrote: »

Get proper legal advice.

Mine is to not sign it and find someone else.

I would go with all of that.

There is something I find distasteful about the whole deed. Although the deed is between X and Y, it is as plain as a pikestaff to me that this is much more about about protecting M and N from adverse consequences of any marriage breakup between X and Y than it is about protecting X.

But X's portion of the property belongs to X. So the matter should be solely between X and Y - if the portion of property truly belongs to X. As Diana said, there were 3 of us in this marriage - in this case, it looks like 4.

To me the right way forward would be for X to divest herself of this particular asset. I don't see so much problem with with X protecting her own assets with a deed - but it seems to me that the future in laws have no real confidence in their position and it would be for the best to sever this particular link.

Additional concerns are that is Deed will be under English law - but there is a Singapore connection, so there needs to be consideration of possible interaction of legal systems. And I share the concern over the vaguely specified future assets clause.