Hope all of you are well,
I have query that i cannot find the answer to, and hope someone can give me their views.
In 2012, my wife and I was renting a property a property and all the agreements were signed for being the tenants, the property was owned by the surviving spouse, gaining sole ownership by right of survivorship, and also the property was not in any trust.
In 2014 the trustees purchased the property for my my wife as an advancement of benefit, which also included no more paying the rent, all we paid for was the upkeep, replacement of windows, replacement of boiler and paying house insurance etc.
Recently the property was transferred to my wife as registered owner, we are planning to build an extension,
The concerns i have is the 2014 purchase, the contract agreement stated that property had to be sold with vacant possession, but, the trustees and the surviving principal beneficiary spouse, they had no intention for vacant possession, we were not issued any eviction notice, there was nothing at all.
The trustees being a solicitor, and the other trustee is a chartered accountant, both have purchased properties for the trust many a time, it just seems that the surviving spouse and the trustees have all knowingly breach the duties…
My wife being the new owner, whats the worse scenario for her, is she the new owner, and was there a fraud commited by both seller and trustee
This is really a board for professionals to discuss/solve/ponder on tricky issues rather than provide free legal advice, particularly detailed knotty factual problems.
That said, if your wife is now the registered owner then she is the owner. Nothing you have said suggests a fraud on a power or indeed any fraud. And nobody has suffered any loss.
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