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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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If there has been a verbal triparty family agreement

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If there has been a verbal triparty family agreement which has been in existence in excess of 20 years can one party insist it is not legal wanting to move the goal posts. I would have thought a precedence had been set. Any opinion? Thank you, Robert
Hello my name Alex and I will help you with this.
-Could you explain your situation a little more?
Customer: replied 2 years ago.

Some 20 years ago it was verbally agreed that 3 siblings could use a trust set up by a grandparent to pay for the education. This was used by two of them. The third a 50 yearly brother recently got married and wants his share which he is entitled too. The two siblings that used the funds have agreed to settle on a pro rata basis. Unfortunately the brother will not accept this asking for the full amount used from 1994 plus 7% interest.


Bearing in mind that two siblings have utilised the agreement does a "Verbal Triparty Agreement set a precedence?"

Please advise.


Robert yes it does.
A verbal agreement is a contract and if breached you can sue on it. Clearly if there are witnesses it does help, but yes you can sue on it.
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