ChatterBank1 min ago
Would Like Some Advice
59 Answers
Some years ago one of my best mates was sent to prison. Before the sentence he gave all his money to a friend of mine. I stood close to him because I needed to know the truth ( all his other friends disappeared at the beginning) I helped him admit his quilt without the need for his accusers to testify. He is soon to be released and recently the person who has looked after his money has given to me saying they have no wish to ever talk to him again. I have talked to his ex wife suggesting that his children should have it., but she too won't touch it. So I am on the horns, this cash was part of his and his wife's she does not want it the person he gave it to does not want it. I took hold of this money because I thought his ex wife would take it. I feel that it is his children that should benefit but how do give it to them with their mothers knowing
Answers
Best Answer
No best answer has yet been selected by treebear. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.There is something wrong with me: you give the fella the money when he is released from prison. It is after all his, and he will need it when he is released.
The legal position is clear - you are holding the money in trust...
The fact you cant place the money at present doesnt change the legal position.
You should also keep a clear note somewhere
so that if yo should get run over ( no not by relatives of the fella) by accident then your heirs know that £ x, 000 is not yours but someone elses.
People change - if the mother gets short of money she may well swallow her scruples and take the money on behalf of her children.
You should keep records so that if in the future you do find your fingernails being ripped out, you can say - Oh yes I do remember what I did with it.....
The legal position is clear - you are holding the money in trust...
The fact you cant place the money at present doesnt change the legal position.
You should also keep a clear note somewhere
so that if yo should get run over ( no not by relatives of the fella) by accident then your heirs know that £ x, 000 is not yours but someone elses.
People change - if the mother gets short of money she may well swallow her scruples and take the money on behalf of her children.
You should keep records so that if in the future you do find your fingernails being ripped out, you can say - Oh yes I do remember what I did with it.....
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