Protecting property from old flame?
9:30 AM, 14th February 2020, 6 years ago
4
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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
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Member Since July 2013 - Comments: 2002 - Articles: 21
9:46 AM, 14th February 2020, About 6 years 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.
Member Since July 2013 - Comments: 1266 - Articles: 1
10:10 AM, 14th February 2020, About 6 years 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.
Member Since February 2019 - Comments: 152
4:31 PM, 14th February 2020, About 6 years ago
Reply to the comment left by Ian Narbeth at 14/02/2020 – 09:46
Thank you for your advice. Much appreciated
Member Since February 2019 - Comments: 152
4:31 PM, 14th February 2020, About 6 years ago
Reply to the comment left by Puzzler at 14/02/2020 – 10:10
Thank you for the information. Much appreciated