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Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34471
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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can i give a house away to my parents if they have helped pay

Customer Question

can i give a house away to my parents if they have helped pay the morgage
Submitted: 4 years ago.
Category: Family Law
Expert:  Clare replied 4 years ago.
Hi
Thank you for your question.
My name is XXXXX XXXXX I will do my best to help you but I need some further information first.
Why do you wish to do this?
Clare
Customer: replied 4 years ago.

Hi Clare my son has has a very bad stroke and is un able to work but does not want to lose the house in England .Over the past 3 years we have helped out with bills ect. He want us to pay off the morgage and sign the house over to us . Is this possible. At present he lives in Australia.

Regards

Mr XXXX

Expert:  Clare replied 4 years ago.
Hi
I am sorry for your bad news and hope he recovers well
Is he married at all?
Clare
Customer: replied 4 years ago.

Hi Clare

Yes he is married and has two children.

Regards

Mr XXXX

Expert:  Clare replied 4 years ago.
Hi
How much is the house worth and how much is outstanding on the mortgage?
Is his wife in agreement with this?
Clare
Customer: replied 4 years ago.

Hi Clare

Around £130,000 approx and owes around £7000 would need to check figures with him.Not sure of the circumstances with his wife since having the stroke things have been difficult but the house was bought before they got married its in his name only. He wants to protect his children.

Regards

Mr XXXX

Expert:  Clare replied 4 years ago.
Hi
I am sorry but if the aim is to ensure that this property will not form part of the matrimonial assets in any divorce then it will not succeed.
However there is no reason why he should not gift this property to you if there are other legal reasons for doing so
I hope that this is of assistance - please ask if you need further details
Clare
Customer: replied 4 years ago.

Hi Clare,

What legal reasons are there he just wants to give us the house to pay back his debts to us we in turn would want to ensure the girls would be look after.

Regards

Mr XXXX

Customer: replied 4 years ago.

Hi Clare.

Are you able to answer my last question

regards

Mr XXXX

Customer: replied 4 years ago.

Clare how do i carry on with conversation please email me [email protected]

Mr XXXX