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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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I WAS GRANTED A LIFETIME TENANCY IN A PROPERTY JOINTLY OWNED

Customer Question

I WAS GRANTED A LIFETIME TENANCY IN A PROPERTY JOINTLY OWNED BY MY WIFE AND MYSELF IN A DIVORCE SETTLEMENT, I HAVE BEEN LIVING ALONE IN OUR HOUSE FOR SIX YEARS. I NEED TO FIND ASSISTED CARE ACCOMMODATION AND HAVE IN MIND PURCHASING A SHELTERED PROPERTY, THIS MEANS SELLING OUR CURRENT HOUSE.
WHAT IS THE ESTIMATED PERCENTAGE VALUE I CAN CLAIM FOR GIVING UP MY RIGHTS.
PROPERTY VALUE APPROXIMATELY 300 K.
MY EX WIFE HAS HER OWN FUNDS OF APPROXIMATELY 100 K.
I HAVE NO OTHER FUNDS.
MY AGE 67 YEARS MY EX WIFE 65.
ONLY OTHER INCOME IS BASIC STATE.
THANKS FOR ANY ADVISE AND APPRECIATE IT WOULD BE AN ESTIMATED PERSENTAGE
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.
HiThank you for your questionMy name is***** shall do my best to help you but I need some further information firstWhat is the exact wording of the Order relating to your remaining in the property?