Lifetime trust for FIL's new flat purchase for predatory marriage defence

msb1234

Reading through this thread it comes across that someone is very interested in controlling someone else’s assets just in case that someone else finds a new wife! It sounds very grabby.
Surely all the father in law needs to do is not get remarried? Ultimately, it’s his property, he can do what he likes with it. It doesn’t belong to anyone else.

getmore4less

Disjoint said:

Hi all,

We got advice today from a solicitor so removed most of the questions I had as now irrelevant:
It's actually a lot simpler than I had made it out to be. Thanks for the person who told me I was making this thing a lot more complex than it needed to be. 

A trust with well defined beneficiaries and trustees sorts most of this issues out (including some of the concerns some of you had). Still not bullet proof, but pretty strong in court. 

A trust set up in lifetime has tax implications which need full understanding.

the tax benefits of life interest trust were only retained for IPDI ones.