How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Michael Holly Your Own Question
Michael Holly
Michael Holly, Solicitor
Category: Law
Satisfied Customers: 6959
Experience:  I have 20 years of experience as a solicitor in litigation and other areas
12609314
Type Your Law Question Here...
Michael Holly is online now

My wife's mother has inherited quite a lot of family land.

Customer Question

My wife's mother has inherited quite a lot of family land. It is not owned by her as an individual but by a company of which she and her partner are directors. She has said that she would like to give us some land but she cannot "give" it to us not can she sell it for a low fee. I can't see why she can't do this....
Submitted: 1 year ago.
Category: Law
Expert:  Michael Holly replied 1 year ago.
because it is not hers to sell it belongs to the company. As a Director of the company she owes that company a fiduciary duty which , should she break she can be sued for by the company.So, bot***** *****ne, she is perfectly right.I hope this helps.Best wishesMichael