► My husband has got a 3 immovassets from his brother's widow as per their understanding of the property decision
Now he has pledged them in various banks for money to support his education buisnnes that has other partners with much less investments
The eductaion buisness also has structured as well unstructured loans
My worry is what if he decides tk sell the property that his name in title to cover interest or to cover action amt etc etc
How can product the asset
The assets were given to him for our daughters marriage and education our retirement etc n not to promote his buisness his business was suppose to supportv itself after with fees donations etc but thats not the case here
Kindly guide what do I do to protect these assets
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1 answer
1 Answer
Even though the title is in your husband’s name, you can protect these assets through a combination of:
Civil injunctions,
Trust or family settlement, and
Documentation of intended purpose.
Courts have consistently recognized purpose-restricted gifts and constructive trusts to prevent misuse, especially in family contexts. Acting early is crucial before further mortgages or sales occur.
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