Protecting property from old flame?

by Readers Question

9:30 AM, 14th February 2020
About 2 months ago

Protecting property from old flame?

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Protecting property from old flame?

A friend wants to gift his unencumbered, mortgage-free, own residence to his son and move into a previously let property. He is concerned that an old flame of his son might try to cook up a story of stalking/harassment to sue his son for financial benefit.

The son is a mature student and would be looking to have a lodger as resident landlord until he finishes his studies.

Are there any legal constructs/structures for the son to protect himself from such an eventuality?

Many thanks

Fred



Comments

Ian Narbeth

9:46 AM, 14th February 2020
About 2 months ago

If the property is valuable enough it might be worth setting up a trust but that creates additional problems and substantial costs.

Unless the woman has a case against the son (which sounds unlikely), he should be OK. He could take out legal expenses insurance, assuming that no claim from the ex is in the offing as that would have to be disclosed and insurers would not cover it.

Puzzler

10:10 AM, 14th February 2020
About 2 months ago

Don't see how stalking/harassment from an ex could give rise to a financial claim unless there is already a potential support liability? He would wise though to protect against any existing or future relationship as appropriate.

Frederick Morrow-Ahmed

16:31 PM, 14th February 2020
About 2 months ago

Reply to the comment left by Ian Narbeth at 14/02/2020 - 09:46
Thank you for your advice. Much appreciated

Frederick Morrow-Ahmed

16:31 PM, 14th February 2020
About 2 months ago

Reply to the comment left by Puzzler at 14/02/2020 - 10:10
Thank you for the information. Much appreciated


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