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Gifting money to Children
Apologies not sure if this is the correct post topic heading for this question Can my wife and i gift our 2 adult children £3000 each in a lump sum and also £3000 each from the previous year so ie £6000 each. Also what are the guidelines is it recognised as in the tax year April 6th to April 5th that you can do this So if…
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Civil Partnership vs Living Together?
We are a hetrosexual couple who have no intentions of getting married. We've been living together for a long time now and have mirror wills, but the although we have a joint account and spilt everything down the middle, the house and mortgage is in my partners name only (long story). Apart from being able to give my…
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Finding lost relatives who are abroad - whats best a professional company or online searches?
Hello , I am in the process of trying to track down some long lost relatives . I have used a few online resources ( findmypassed.com etc) I have only have limited success or far . The trail has gone a bit cold . I believe that they may have gone to Africa as these is a record of this but no record of their return.…
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Newly separated & husband hidden debt
Please can anyone advise? I am newly separated from my husband of over 30 years and I have found he has accrued over £33K of debt without my knowledge. I have been told that the debt is in his name only. My husband controlled all the finances, all my wages went into a joint account which he controlled and is in £500+ in…
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Money Moral Dilemma: Should I accept an expensive present from my boyfriend who owes me money?
This week's MoneySaver who wants advice asks... My boyfriend, who has been trying to sort himself out financially, got me a beautiful bike that cost £1,500 for my birthday. He says it's a larger-than-normal gift to say thank you for finding us our flat and helping him sort his life out. Yet he owes me a month's rent and…
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Power of Attorney and access to on-line bank accounts.
I'm currently doing my LPA for finances and property. I have named 2 attorneys. Have I understood correctly that my bank, HSBC, would either give one of my attorneys OR me access to my current account but not both of us or both of them? Does this depend on the bank? Thank you.
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Advice on girlfriend moving into my mortgaged property
So a little bit of background I purchased a property in my name around 2 years ago, the house is mortgaged and has 3 years left to run on the fixed rate (so not looking at moving or buying again anytime soon). I put a large deposit down on the property so there is a lot of equity already in the house (£85k+) as it has also…
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What am I doing with my life?
I wasn't quite sure where to post this, but it seems to fit best here. I am a 44 year old male and I am trying to work out what I am doing with my life and where I am going. This post may sound like I am unhappy or depressed, but I am not (I don't think!), just unfulfilled and it is probably fuelled by the time of year. I…
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Can this be fair? How how would you go about it?
So I own two properties and have about £120,000 in equity across the two. I would want to keep both of those properties whilst moving in with my partner. He claims he is asset, rich, but cash poor, but actually, neither of those are true, really. He earns about the same as me, but the truth is he Mortgage up to the…
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Care home following stroke
Trying to find out some info for a friend whose father enter a care home after being in hospital. The financial form has been submitted to the council and are waiting to hear back. There are certain things I understand but do have gaps in my knowledge. When is the needs assessment made? would that have been decided before…
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Deceased fathers care home fees
Hi thanks for listening and possibly advising. My dad went into a care home on a temporary basis on 27th December 2022 and was only made permanent on 1st December 2023. He sadly passed away on 9th December. Financial Assessment Team are only now undertaking a financial assessment. He has just over the threshold of £23250…
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Legal Rights if not Married
Hi My ex partner and myself were together for 25 years but never married, we purchased our home in 1991 with an Endowment Mortgage. My ex partner was never good with money and got himself in serious credit card debt on several occasions and in 2001 he also stopped paying the Endowment without my knowledge. When I found out…
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Evicting family member from residential property
I've had a close relative reach out for help, sorry, this is not investment related. The retired couple have their 50 year old son, his wife and two children (aged 9 & 11) live with them, the son's never paid rent or many bills, effectively lived free. The son never moved out and when he got married moved his wife in, he…
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marriage tax allowance company
My 89 year old father had a call involving the marriage tax allowance refund yesterday. He was struggling so I told him to give them my number. It was the Tax Refund Team (01254 791 674).I have just realized they were not the HMRC and I'm kicking myself for not spotting this.They had both my parents National security…
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Helping Mum Power of Attorney or Alternatives Question
Hi I hope someone can help me. My father passed away last year, leaving my mother to manage her finances. My mother primarily used an account book and is hesitant about online banking and digital payments. While mentally competent, she's uncomfortable handling bills, insurance, and account management. So the responsibility…
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Divorced or not? How to find out.
Hi there. My partner and I have booked our wedding. We have both been married twice before (3rd time lucky??) We need to take our last divorce papers to the registry in 2 months time. My partner cannot find any papers for his second divorce. They married in 1993 and they split up 6 months later. They have not seen each…
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How can I obtain a copy of my lost decree absolute super-quick!
My partner and I finally decided to get engaged after decades together and are looking to get married in April - no point in hanging around! However, I cannot find my divorce certificate anywhere! I called the court where I thought the divorce was finalised, but they couldn't find a record of it and said I had to go…
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Legal separation tax on property purchase
I and my husband are going to separate amicably and we are thinking of legal separation but we may end up with the divorce route. For now, we are looking at legal separation. We jointly own our home and I understand that if you legally separate, you can buy another home to replace your existing home without paying the…
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Divorce - Consent/Financial Order
Hi everyone My ex wife and I are currently going through a divorce. We had a property together which she bought me out of in December 2021. I then used this money (along with a mortgage) to buy my own property. We applied for divorce in August 2023 and on 10th February we can apply for the conditional order. Although the…
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Left relationship due to mental abuse regret taking 1/3
I was pushed and pushed to breaking point. My ex and I wasn't married and he was not about to give up our £240k 3 bedroom house for no-one. Our son was 11 when it all started. He would not sell up or move out and offered 60k and that was his final.offer. I was scared to push this with a solicitor as I couldn't afford one…
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