I wonder if someone can give me some advice?
I am not married but I am planning to buy a house with my partner.
I will be contributing 65% and him 35% to the cost of the property and paying outright by cash.
We are not planning to have children.
I am very close to my sisters and I would like to pass some inheritance to them should I pass away (it will be the x% monetary value of the house when it is sold as it?s my main asset).
I was thinking of buying the property as tenants in common and putting my estate in trust and give my partner life interest should I die before him.
But what if he downsizes or upgrades or remarries, how can I make sure what I have put in trust will go towards my sisters and that the amount financially will not diminish due to his actions?
If he downsizes, his 35% share will not get him a property.
Should he also have something too in writing to specify he is only entitled to have a say only in his share?
Much appreciated for your help.
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Buying a property with a partner and inheritance advice wanted.
7 replies
CEvert · 11/02/2013 10:15
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