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Parents gave gift and took it away
My parents gave me and my sibling £100K as a gift each a number of years ago. For my older sibling, there were no strings attached and she was free to go about her life with her gift, buy the house she wanted etc. For me, as I was younger and single at the time, my parents advised me to put the money into a property to…
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IHT Advice
A family member wants to help her child to get on the property ladder. They have discussed different ways of possibly doing this. 1. Gifting a lump sum around the region 50-100k. 2. Singing over part of the family home and the child taking out a mortgage for the rest. 3. Putting the family home in her child’s name. Can…
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Loan and IHT
Morning All Can anyone answer this question for me, a family has lent another family member a considerable about of money I think it’s about 300k. The borrower has told the lender he cannot pay it all back due to the inheritance tax. As far as I am aware you only pay iht when the person has died and that comes off the…
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Life after domestic abuse on a joint mortgage...
Hello, I haven't posted here much, although I have been a silent lurker and reader of the forums for years. I am hoping that someone has some advice to offer me, as I feel like I've searched the internet on this one, and not found much to support my specific situation. I'm sorry about the essay that is to follow. I jointly…
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Who to talk to
Who do people talk to when they have problems, I can't talk to family or friends, feel really upset about the person I live with, it's constant problems, don't know how to get out of this situation, do I speak to a therapist, call samaritans, I don't know what to do
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50/50 Care - Benefits, maintenance etc
Ex wife and I are arranging access as I will be moving out of the family home soon. I want 50/50 which she hasnt agreed to but practically how does it work? Who get the child maintenance? She earns too much for tax credits but she does get tax free childcare, I have a low income so I could get tax credits or Universal…
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Child’s Savings
I have a wayward daughter, for whom money is like water through her fingers. Her grandparent has saved money for her in her name over many years, but she is coming towards 21 when the money will be hers. Is there a way to keep this money from her, or move it away, or do something until she can look after her own money…
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Struggling to cope
Not married, not sure what to do next. Left joint home last August after 2 years of hell at the end of a 25 year relationship. Long story short the ex kindly agreed I could move back as my business is based at the house (office alongside) and one of my horses did not settle at the rental property i took. Been to mediation…
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Remove ex from Title deeds
Hi To briefly explain: Property purchased with ex partner using 100% mortgage I paid £99 reservation fee (new build) Partner left two months after buying the house. Never made any payments at all to the mortgage off bills Mortgage is now finished all be it with a large shortfall due to poor endowment performance. After…
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Does this seem to be a fair finacial settlement?
Sadly my 14 year marriage has come to and end.My wife is now pregnant with another man's child and of course we have seperated whilst waiting for the decree nisi to come through.My wife is a dual national and plans to return to her home land to raise her child. We have two children, a house worth £200,000, another property…
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Non married ex asking to see my accounts
Help! My non married ex solicitor is requesting to see my accounts. I do pay her child maintenance as asked as we have an 8yo boy together. But I am now out of work and am worried as I own a mortgaged house
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Elderly relative coming out of hospital wants to live at home what support
I wonder if anyone can help pls My grandad is 90 years old and Im his grandson and all he has. He has lived independent and relatively fit until he was admitted to hospital 3 weeks ago with breathing issues, he has been on oxygen since , he has collapsed lung and suspected lung cancer. He has refused any evasive…
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Arguing over a house move - who's being unreasonable
Hi all, I'm not really sure what I'm expecting in terms of advice about this, but I would like some reassurance that I'm not being made out to be this bad person in all of this. Quick background history, we bought our first house, a tiny two bed cottage outside town in 2013, had a child in 2014, sold in late 2015 and moved…
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Updating an existing marriage contract/prenup? - please advise me if you can
Hi, Im not sure where to go with this one so hopefully someone can help me. My wife and I were married in South Africa 22 years ago. We were married with a form of prenup called "Married out of community of property with accruals" (which means everything we owned before the marriage remains ours but everything we gain…
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Axkid Move Car Seat
Hello all, Just wondering if any parents on MSE have an Axkid Move car seat. If so, what are your thoughts? Is it fiddly? is it nice and sturdy? I know it’s a plus rated seat and have done plenty of reading. I’m just missing some real world experience of how it fares once you have it.
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Marriage Tax Allowance Advice Please
Hello I am new here so I hope I have put this post in the right section! I contacted HMRC 2020 to arrange marriage tax allowance as I am a housewife and f/t mum. I ended up owing HMRC around £200. I may be returning to work over the coming months. I am conscious of the new tax year starting soon! So I was thinking of…
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Accepting money from parents to fund an annexe/larger house
Hi this has probably been covered before, but some advice needed please! My parents moved back from abroad about 5 years ago and currently live with my sibling. They do not own a property and have savings of around £80k (no other assets|) which they want to give to me (or my sibling) to fund an annexe/larger house as the…
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Buying A House Together - Deed of Trust?
My partner and I are buying a house together. We're not married and don't have kids together (and don't plan to as we both have 2 each from previous relationships). He's bringing more equity/deposit than I am, but we'll both be paying half the mortgage and bills. We've agreed that if we ever separated, we'd take back our…
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Divorce and share of wealth.
A good friend of the family is getting divorced and they separated last week. Both are in their late 30's. They have a toddler aged under 5. The man is worried that his wife will take at least half of his wealth. The man is paid in excess of 50k per year and this was the case when they got married. The man bought a…
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Maternity
Morning all, Hope everyone is staying safe in these crazy times.. I was looking for advice really.. I'm due to go on maternity in July - my full pay will pay out until October when my last payment of my loan goes out. From October onwards I'm on SMP, has anyone contacted credit card companies and successfully been able to…