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In will see what the next few days will bring thanks for your e-mail which I have just seen now
the loss was that the money is split between myself and sons meaning anything that i want to do (involving their percentage)requires their permission i was not advised on this by the solicitor who said the money would be mine in my lifetime it now means I have half in my own right and the trustees( my sons and I own the other half ) and if all the money is used to purchase another property my sons would have a guarantee that when I am no longer here they know that at least half would be theirs regardless
do not know what a letter retainer is so believe I have not got one
thanks for your response - I am sorry but as this was some 5 yrs back my memory is not so good and looking through my file I don't appear to have such a letter (of which I recognise as being such )
sorry cannot be more precise
thank you for the reply and for some reason I have only just picked up on this - the trustees are my sons as well as myself so ALL have to agree on where the money is spent -the implications of this means my sons want to invest in buying property ( thats also OK with me but i do feel it should have been my decision alone and like said before I was not advised about this when the trust was set up