Property charge on Land Registry

baksteph0177

I have a charge lodged with a property I own with my son. He owns 25% and the charge states that when the property is sold my investment is to be repaid to me. However he is unlikely to marry and assuming I predeacese him how can I prevent my money being shared with family members against my wishes? 

FreeBear

Consult a solicitor (preferably a STEP trained one) and get a will drawn up.

Don't go to one of these cheap will writing outfits as most want to be appointed executors (at inflated rates) and do not have the same level of expertise & training as a proper solicitor.

AdrianC

You cannot reach out from beyond the grave.

If you predecease him, then the debt behind the charge becomes part of your estate, unless it's explicitly written to be voided on your death.

But obviously the estate cannot have an open-ended debt. So either settles it and the money goes to whoever the beneficiaries of your estate are, or it's cancelled and deemed to be part of the bequest to him.

That's the instant your influence over that money stops.