I have a client who has recently jointly purchased a property, to live in, with her sister and brother-in-law.
My client has children and is widowed.
Does anyone have any bright ideas as to how to maintain the MRNRB and protect the joint owners? As I understand it a Life Interest Trust will not work, given that although the remaindermen beneficiaries would be the children, the intervening life tenants would disrupt its availability?
I work in the south-east and this practice of joint ownership is becoming common for elderly clients, who have perhaps lost spouses.
Thank you in advance.
Furley Page LLP