The most precious thing we have is love, and the best of that is the love of a family.

 

Work out the value of £25k cash on the first day that your son offerred to return it to you.

Index it for inflation and then agree that amout as the true value of the repayment as a compromise.

If you HAD of accepted the money when offerred, it would NOT be worth the £83k that it is now.

 

You can't execute the trust deed now as the house to which it refers has been sold. If you go through the courts you would probably get 50% of the sale price of the first house. You could probably sue the solicitor who didn't transfer the trust deed for the rest

 

I think we all know legally the money is his but lets be honest. If your father told you what his father did on his death bed and you didnt NEED that money you would naturally pass it on to your son just for the moral stance... No? Or at least keep it safe until your son was ready to buy a house like the OP did (sounded great upto then, making sure the cash isnt wasted until they wanted a property)

 

oh, and to answer your question - your ownership related to the first house. On its sale you were entitled to 50% of its value as per the trust.....you may have some dispute with the legal goings on that happened at that time but what ownership do you think you have over the house your son then bought??? it was nothing to do with you.

parents that get involved with their kids houses need to be 110% clear if what theya re doing is GIFTING, LOANING or BUYING INTO THE HOUSE.

 

Wrong he left it to his grandson YOUR THE WITNESS

Wrong place then

Go see a Solicitor - Tight Wad

SPEAK TO YOU!!!! I WOULD DISOWN YOU

No $hit Sherlok

S O L I C I T O R is REQUIRED

Highly unlikely

 

Sounds like you have been advised of the legal matter already.

 

I don't think the the fact the the father loaned the son the money is the part that is reprehensible. It is the part where he expected to profit out of it.

 

So your trying to profit from your fathers death (after all it was his money for you to pass on), trying to do your son over (25k turns to 83k), Getting solicitors involved as well.

Man, your f*cked up

I wouldnt be suprised if you've already written up an agreement for your grandkids to work off the debt.

Try and make good from your mistake, its the only way.

 

Youre dad would be right proud of you!

 

no...lets be LEGAL. The money was NOT left to the grandson, end of. It was left to the son...who bought half a house with it...which was then sold and he never saw his share back at the time. Thats where the story ends, with the sale of the first house and the screw up.

 

No he didnt, he died intestate.

 

Charliethedog....On a more serious note, what happens if you take this a lot further and you are legally within your rights to pursue your son for £83k

How is your son going to afford to give you this? Doubtful he has 83k stashed away in the bank.

Would you seriously request he sell his property and reduce the quality of life he has set for his own familiy and YOUR grandchildren in order to do so?

Pretty unfair, dont you think?

Why didn't you accept his £25k when he offered it to you twice? Why didn't you discuss at this point that it wasn't £25k that he owed you but significantly more (in your eyes)
Surely in the conversation, you must have said to him that it wasn't £25k, it was 16.67% of his then priced property?

If my father was to do that to any of his 4 children, he would be disowned by all of us!

The thing is, say you get the money, your son sells his house. Do you really want to grow old and lonely with a family hating you for what you did?

Forget the £25k and worry about money like the rest of us!! Make up with your son, his wife and his kids before its too late.

Over and out!

 

You really should try to sort it out with your dad.

 

Quote: In 1996, I gave my son £25,000 which was left to me when my dad died.

but it wasn't left to you because you then go on to say

Now my dad had told me previously that he wished to leave this money to his only grandson to help him on the property ladder

so your Dads dying wish was for YOU TO GIVE THE MONEY TO YOUR SON

but no will was left and the money was left to me.

but because he never put it in writing, you decided to keep it. And now, your asking your son for 83k back? Don't you understand that the £25k was NEVER YOURS?

You need to seek help, because you are seriously screwed in the head.

 

Are you married to my mother in law ?

 

In order to fund your "change of lifestyle" you would see your grandchildren go without...

 

100% wind up. I wouldn't bother posting on the mater.

 

yes it was - his dad having previously mumbled an interest in helping out his grandson is NOT A WILL.

The dad died WITH NO WILL....you can moan about the morals all you like but this is a LEGAL issue.

 

LOL not me honest

 

How could you not follow you're dying fathers wishes? He didnt leave it in a will because he thought he could trust this toad.

If it was me I wouldnt sleep at night.

You need to see your son, tell him that the money was indeed a gift, and ask for his forgiveness. You arent likely to see him or your grandsons again.

 

Its nothing to do with trust - there are many legal and taxation issues (not to mention admin hassles) caused by not recording your wishes. The dead dad was stupid to not write a will and the son is under NO obligation to act on stuff his dad told him.

 

Didn't expect anything other than the legal approach from Smug. He admitted his father told him to give it to his grandson. **** the legal issues. The guy is a ****. I don't care if legally he is the Queen of Sheba, He is still a ****.

 

And bear in mind... it is cheaper for him to have you shot than pay you back 25k
About 21k cheaper....

Sleep well

 

So a person makes it clear there wishes and its not legal binding?

 

Mental note to self, never be in debt to Freak

 

Rather than get into the morality of your actions, it's fair to say that the forms you all aigned at the outset will determine the legality of the matter.

 

DONT FEED THE TROLLS

 

lol.

why don't you try blackmail or something, or maybe wage a campaign of violence, threaten your grandkids or your daughter in law unless you get the money of your son.

Don't accept just being a bad dad, go for being the worst ever.

 

So can I legally ask my son for the £25k plus inflation if I am not legally entitled to £83k?
Or have I lost my money and it is up to my son to give me what he so wishes, which I am sure will be 25k if I ask nicely.