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My position is as follows :
- I have always been married legally to my wife Khatija whom I have five adult children with and with whom I have always lived and still do
- I had a second islamic wife with whom I have never lived but have two young ( 9 & 6) boys with. We split up in 2011
She lived in a property that was owned by a Panamanian Company. She has now bought the property paying a £20 000 deposit and contacts have been exchanged, completion is January 2016. The boys live with
her. She has a new partner who ives with her. Both work
before it got to trial she basically threw the towel as her position changed. She was ask to back to work as the youngest had reached the age of 4, meaning other she would have to contribute towards her legal fees or at worst her legal aid would have stopped completely.
Facing the prospect of not only paying her legal fees, but if she lost she would have to pay the plaintiffs legal cost too, she asked that the case be withdrawn and she would buy the house.
She has since then found it difficult to obtain a mortgage because of adverse credit history. She has managed to pay £20 000 and her new partner potentially is selling his house which she is hoping will pay the balance.
I am a property developer and a property investor.
I have sold some rather high value properties recently.
I am now in the market to buy further properties.
I want to buy them in a vehicle that , let say remains discreet.
I do not ever want to be exposed to any claims.
I still feel I need discretion as she may potentially claim in future for the boys. Although I have stipulated in my will what their inheritance will be. mM main aim , as per my initial question on JustAnswer was to set up a structure which enables that.
Please advice if you have expert knowledge in this area ?
That is a very simple way which I am aware of having been director of a few. That is not what I want.