Co-ownership?

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Arnold, Bill, Claudia, Dieter and Ewan are all bought a house together. They all contributed equally to the purchase price, and the house was conveyed to 鈥淎rnold and Bill as joint tenants in law and in equity鈥? Bill was made redundant a few months later and he forged Arnold鈥檚 signature to a mortgage made with Easy Loan Bank.

At the same time, Arnold agreed in writing to sell his interest in the property to Ewan and the agreement was executed. Meanwhile, Claudia had plans to marry and asked Dieter whether he would buy her share in the house. Dieter was keen but disputed the price. Before they came to an agreement, Claudia died, leaving all her property to her fianc茅, Fred. Soon after, Ewan was involved in a city deal that went badly wrong and, owing millions, was made bankrupt. Before Ewan was finally adjudged bankrupt, Dieter committed suicide, leaving all his property to the Donkey Sanctuary.

Ewan鈥檚 trustee in bankruptcy, Fred, the Donkey Sanctuary, Bill and Dieter鈥檚 next of kin all claim an interest in the property.

What is your advice?

Co-ownership?

Laws sometime are not able to solve entanglement problems.

The solution would be basically from an atorney and between atorneys.

So the advice is see a professional atorney.

Co-ownership?

The owners of the property are Arnold and Bill. Claudia,Dieter and Ewan may have an Equitable claim according to any capital or payments made for upkeep although it would be argued they were simply renting space.

Easy Loan Bank only have claim to Bills share of the property to repay their debt as they cannot rely on a forgery. They obviously did not follow the Money Laundering procedures which would have shown the forgery so Arnold owns his full share.

The rest is smokescreen as the others do not have any legal claim to the property.

Co-ownership?

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