Hi,
1) Legally, there should be a contract set up between both of you.
2) This contract can be signed between only both of you or inclusive of your daughter-in-law to ensure that there is a legal way to get your money back.
3) Ensure this contract is formally signed with at least 2 witnesses.
4) All of you have to agree upon how the fund is going to return whether with interest or without.
5) It can be in terms of monthly installment or quarterly or yearly or otherwise.
6) You may consult your lawyer further on how to protect your fund if this is what you are concerned about.
7) On the issue of how he wishes to include his wife in the ownership shall be up to him.
8) It can be under joint-tenancy, where survivor takes all or tenancy-in-common so that share can be clearly spelled. And both can have their own wish on how to pass the property on.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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