I thought this was interesting

Profile picture for user charliehunt

Member for

7 years 9 months

Posts: 11,141

Yes I am aware of that entirely legal "ruse" and in many families it does not work. Good for you.

Member for

12 years 1 month

Posts: 686

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.

Profile picture for user paul178

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9 years 3 months

Posts: 2,841

silver fox, I would not even leave my wallet on show let alone sign the house over to my lot!!

Profile picture for user charliehunt

Member for

7 years 9 months

Posts: 11,141

;) - well that bears out my comment about it working for all families!! You HAVE a wallet, Paul??

Profile picture for user paul178

Member for

9 years 3 months

Posts: 2,841

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.

Profile picture for user charliehunt

Member for

7 years 9 months

Posts: 11,141

Nah! Ever an early riser Paul. You know - early to bed and early to rise makes a man ........ah, that didn't work then!;)

Member for

12 years 1 month

Posts: 686

silver fox, I would not even leave my wallet on show let alone sign the house over to my lot!!

That just illustrates the difference in families, sad but true,