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Joshua
Joshua, Lawyer
Category: Law
Satisfied Customers: 25988
Experience:  LL.B (Hons), Higher Prof. Dip. Law & Practice
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My husband is currently in prison and I am managing his

Resolved Question:

My husband is currently in prison and I am managing his financial affairs using a Lasting Power of Attorney. With the exception of the one account I am managing, all our financial assets are separate. The house (deeds in my husband's name only) is to be rented and my husband suggested that I take some of the rental money for myself - this means paying myself from the managed account. Would it be better to get this arrangement in the form of a legal document or is sufficient to just have a letter of agreement between my husband and myself, signed by both of us?
Submitted: 1 month ago.
Category: Law
Expert:  Joshua replied 1 month ago.

Hello and thank you for your question. I will be very pleased to assist you. I'm a practising lawyer in England with over 10 years experience.

  1. May I confirm that the house in question is not subject to any confiscation order or any other order to recover property pursuant to your husbnads conviction?
  2. May I ask what sort of figure each month your husband had in mind and whether this was to be for any specific purpose or just for you to use generally?
Joshua and other Law Specialists are ready to help you
Customer: replied 1 month ago.
The house has no mortgage and there are no leans against it at the present time. The house will be rented for approximately 8 years the expected length of incarceration (Historical sexual abuse - before I knew him!)
He suggested all of it but I feel that 50% would be more reasonable. I am not reliant on my husband for income - it would just be because he feels he "owes" me