The deeds of my property are in joint names (joint tenancy) with my daughter. A credit card company has obtained a charging order for the sum of 12000 on what they refer to as her ''beneficial interest'' in the property. They are seeking to receive this sum on the sale of the property;
My intention - if i am able to, legally - is to arrest them from achieving their objective; ideally I wish to ensure that they receive as little as possible of this sum - preferable nil;
i would be extremely grateful for your technical and, if applicable, legal expertise with this objective and answers to the following questions;
(1) Can she be removed from the deeds (in order to ensure that she has no beneficial interest in the property) whilst there is a charging order on the deeds in respect of her ''beneficial interest'' and (2) can her interest be removed WITHOUT the credit card company being informed of the event?
(3) If it is a legal requirement to inform the credit card company of the event, WHO is required by law to provide such information?
(4) If and When the credit card company are informed of this intention (to remove her name from the property deeds) can they BLOCK her removal from the deeds?
Ideally, I would prefer to construct the deeds of the property such that they retain her and I as joint tenants in order that she can inherit the property upon my death without paying inheritance tax AND to ensure that if the property has to be sold before my death, that the ratio of ownership/''beneficial interest'' of the property can be split 1:99 respectively so that her beneficial interest is at the very minimum of 1% henceforth the credit card company would only be able to receive 1% of the proceeds, thus they would a sum in the region of �2000 instead of �12000 !
Many thanks in anticipation for your enormous and generous kind assistance in respect of this matter.