Thank you for your question
My name is Clare
I shall do my best to help you but I need some further information first
How much is your property worth?
What is the value of the assets your wife inherited?
How old is your wife?
Sorry - the £300,000 is that the house that your wife and her sister own?
How much would a one bedroom property in the same general area cost to buy?
Just to be clear.
The only joint asset is worth £265,000
Your wife also has assets worth over £200,000 in her sole name
Is that correct?