BEQUEST OF A SCHOLARSHIP....

Problem: Widow of a company's director needed help to dispose of the business and raise funds for a university scholarship in her late husband's name.

Advice: We started by rescinding (where-ever possible) contracts, acting in our agreed capacity as agent for the directors. We sold all of the company's assets and saleable contracts. We arranged for the purchase of a house on behalf of the widow and her sister at a substantial discount, since the sister was a long standing council tenant. By agreeing suitable wording of the wills of both sisters, it was possible to provide funds for the creation of scholarships in the late husband's name at both Oxford and Cambridge University . The widow passed on, a year later and Oxford University have established the first funds to provide scholarships in her husband's name, as desire

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