Our son in law is getting married. Unfortunately our daughter passed away in 2007.
He lives in a house worth about £400,000 and our daughter left her half of the house to our grandchildren in trust and they are now 15 and 17.
Under the terms of the trust the 17 year old will become a 25% owner in February 2013 and the second daughter will become a 25% owner in May 2015.
The trust deed does state the father has a right to live in the house for the rest of his life.
What is concerning us is the lady he is marrying is 31, widowed and has 2 children aged 6 and 7.
In the event of a divorce I would assume our son in law would only have £200,000 of the house value taken into account although I would be grateful if somebody could confirm this.
Another concern is as the lady has 2 children if they divorced or our son in law passes away in say 5 years time would our grandchildren be able to force a sale of the house when there are children in it.
The other problem I can forsee is our son in law is now 48 and the chances are this lady will outlive him.
Would our grandchildren have the right to force the sale of the property as soon as our son in law passes away?.
I know it would be unpleasant for the lady if our grandchildren forced a sale but it would also be unfair on our grandchildren to have to wait for their inheritance or possibly never see it if the woman outlives them.
Marsh
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