Reasons to choose Wilson Browne
When the property in question is a “Muse” property in Central London worth £4 million and you are the legally registered owner of that property, this is an important question.
If you get it wrong, you can end up discovering the property is not yours at all, and you have a bill for your own legal fees of over £45,000; and you have to pay your aunt, who you are in dispute with, over £150,000 towards her legal costs.
Why? Because property ownership in England and Wales is an issue of “Trust” – the legal owner holds the property on Trust on behalf of the person who is “beneficially” entitled – they can be the same person or people, but not always.
So was the property purchased with money from the legal owner’s aunt that was a gift, or was he owning it on her behalf? That is the question that went all the way to a very expensive Trial Hearing, with a Judge having to make a decision about what had been the “intention” of those involved.