Financial planning to support the children

Case Study

Happy Families

Our elderly clients Mr. and Mrs. W. were selling their home and investing the sale proceeds into a house which was being purchased by their child. They were going to reside in the property with their daughter and grandchild.

Mr. and Mrs. W. knew that even the warmest of relationships can go wrong for instance through illness, bankruptcy, or the arrival of a new partner. We had to ensure that the parents’ investment was protected. We prepared a Declaration of Trust and also placed a restriction on the title deeds so the daughter could not sell or raise another mortgage on the property without their consent.