By: silver fox
- 9th January 2015 at 22:12Permalink- Edited 1st January 1970 at 01:00
Yes I am aware of that entirely legal "ruse" and in many families it does not work. Good for you.
The only possible problem is should we need to take any equity from the property, we would have to give our daughters permission to use the property as security, then of course our present legal secure tenure would also have to go, fortunately we have no problem within the family, I can't imagine our daughters taking over the house and pitching us out, we have seen this happen to one family.
By: paul178
- 10th January 2015 at 06:46Permalink- Edited 1st January 1970 at 01:00
Wind keeping you awake Charlie? Yes I have my holding folding in it along with an ever increasing supply of receipts which I ditch every weekend which then exposes my true amount of capital.
Posts: 11,141
By: charliehunt - 9th January 2015 at 20:35 Permalink - Edited 1st January 1970 at 01:00
Yes I am aware of that entirely legal "ruse" and in many families it does not work. Good for you.
Posts: 686
By: silver fox - 9th January 2015 at 22:12 Permalink - Edited 1st January 1970 at 01:00
The only possible problem is should we need to take any equity from the property, we would have to give our daughters permission to use the property as security, then of course our present legal secure tenure would also have to go, fortunately we have no problem within the family, I can't imagine our daughters taking over the house and pitching us out, we have seen this happen to one family.
Posts: 2,841
By: paul178 - 9th January 2015 at 22:41 Permalink - Edited 1st January 1970 at 01:00
silver fox, I would not even leave my wallet on show let alone sign the house over to my lot!!
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By: charliehunt - 10th January 2015 at 05:49 Permalink - Edited 1st January 1970 at 01:00
;) - well that bears out my comment about it working for all families!! You HAVE a wallet, Paul??
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By: paul178 - 10th January 2015 at 06:46 Permalink - Edited 1st January 1970 at 01:00
Wind keeping you awake Charlie? Yes I have my holding folding in it along with an ever increasing supply of receipts which I ditch every weekend which then exposes my true amount of capital.
Posts: 11,141
By: charliehunt - 10th January 2015 at 07:09 Permalink - Edited 1st January 1970 at 01:00
Nah! Ever an early riser Paul. You know - early to bed and early to rise makes a man ........ah, that didn't work then!;)
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By: silver fox - 10th January 2015 at 19:24 Permalink - Edited 1st January 1970 at 01:00
That just illustrates the difference in families, sad but true,