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Implications of trust used to pay down mortgage in blended family
Mr and Mrs smith are married. they have a 300k mortgage on a £750k house, tenants in common 40/60 split Mrs smith is a beneficially of a family trust following the passing of her parents. Mrs smith wants to pay off £150k of said mortgage with money from trust. She accesses the money by way of a loan from the trust which…
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Power of Attorney Advice - Parent Refusal
Hi all, Really need some advice. Since our mother passed away our father has been struggling to manage the household finances. He has never managed them before and despite our best efforts, things are slipping. We have tried to work with him to deal with some of the issues e.g. not paying bills on time, unsure of what…
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Childcare options for returning to work
Hi, I am a higher rate tax payer that is expecting 2nd child. I was fortunate with 1st child (who is now in full time school and doing after school clubs etc.) that I was able to return to work flexibly/part time, but took on a new, full time role 2.5 years ago. With this baby, I am looking into my options for returning to…
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Engagment and not living together?
I was wondering if anyone had some experience and opnions on this. My girlfriend and I have been together for almost 4 years. We don't live together, she has her house and I have my flat. We don't live a big distance away from eachother, about half an hour via public transport. I know she would love to get engaged and I'm…
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Holidays as a single person
Do people in relationships get questioned as much about who they are going on holiday with as single people? I'm long term single, not happily, but I'm very used to being single and in my own company. Most who know me, know this, but I've had so very many questions about who I'm going on holiday with I wondered if it was…
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Getting married with different assets
Hello, I'm engaged to be married, pregnant, very happy but I have been married and divorced before so I have a negative or more realistic view of marriage. I own a house with approx 200k equity in it. He has maybe 20k in savings, no property. He has been living with me for nearly 3 years and we have been splitting the…
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Problems that may arise without LPA
Hi, I'd like to get your advice about a situation my wife is in with her family and wonder if you could share the potential problems that might arise without an LPA for her mum. Here's the situation: Her 86-year-old dad is living permanently in a nursing home and has dementia. An LPA is in place (both financial and health)…
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Retrospective charging by Local Authority
Hi. The Local Authority, i.e. Social Services, asked my 96-year old Mum to sign a form to agree to have a financial assessment done to charge for her care. I have Lasting powers of attorney for her. She was discharged from hospital to a rehabilitation centre and is waiting on a decision as to whether she can go into a care…
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Advice -Divorce/ Buying a house
So I have been separated 10 years and me and my new partner are looking to buy a house together. I have filed for a divorce. It’s never been done before as ex wouldn’t sign the papersband was being awkward all those years ago. He is now with someone else. There are no assets or children (older) involved in divorce. I’m…
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Spouse inheritance tax exemption
A random question about inheritance tax. Spouse passed away and left a DIY will that basically requested that all beneficiaries receive equal shares of their estate including their spouse. Does the spouse receive a slightly higher amount based on the spousal tax exemption rule or should it be equal after tax has been paid…
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separation agreement - scotland
After over 30years married my wife has decided she wants to go her own way. She has informed me that she is going for a 'separation agreement scotland as we own a few properties. I've been informed by a co- friend that she has cleared out her isa savings before getting agreement, which we've both saved for a few years ,…
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Being asked to be a financial POA
Would you agree to being a financial POA for a close family member if you fundamentally disagree with how they conduct their finances, and what they spend their money on? I'm talking about during the "whilst they have capacity" period. So you are effectively just their facilitator/enabler, doing their bidding, as it were.…
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Separated 10 years and have filed for divorce. Advice needed regarding claims on a New property
So I have been separated 10 years and me and my new partner are looking to buy a house together. I have filed for a divorce. It’s never been done before as ex wouldn’t sign the papersband was being awkward all those years ago. He is now with someone else. There are no assets or children involved in divorce. I’m wondering…
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Split up before expensive holiday
A friend of mine had booked an expensive holiday (£6000) with his partner, 6 weeks before they were due to go he found out she’d been cheating on him, obviously he moved out. She refused to see him or speak to him other than what’s app messages (been together over 10 years). To cut a long story short she has gone on the…
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Co-Op Legal Will Writing
Hi All Me and my partner are mid 30s, but as we are not planning on ever getting married we wanted to ensure we have some form of legal protection so want to get a very simple mirror will created. I have looked into the options, and Co-Op Legal seems a midway point as a regulated service, but not as expensive as going to…
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Financial advice now husband has said he wants a divorce
Asking for a friend - whose husband over the last week or two has stated that he has decided he needs to live for himself rather than constantly providing for his family and taking a backseat in his own life. He has said "we are getting a divorce" and decided a timeline of things which will happen. He is demanding things…
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Are you one of 800,000 parents missing out on up to £2,000 a year towards childcare costs?
If you pay for childcare, whether just for the summer or all year round, watch this urgent video briefing on the help that's available. Huge numbers are missing out, as MoneySavingExpert.com founder Martin Lewis explained in the Summer Special of his live ITV show. Read the full story: Martin Lewis: Are you one of 800,000…
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Money Moral Dilemma: How do I convince my fiancé to pay a greater share of our bills?
This week's MoneySaver who wants advice asks... My fiancé of 20 years and I constantly argue about money. We've a child aged 16 together and I have two grown-up children from a previous relationship. We split our bills half and half, yet his income is 10 times higher than mine, and I buy almost everything for our son. I've…
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Consent order after divorce - he already remarried?! What are my rights?
Hi forum, My ex-husband and I divorced in Feb 23 and are in the process of sorting out what happens to our house. Its taken so long because ive been waiting for the Lang Registry to update following numerous issues with builders! My ex remarried in May 24, in a foreign country. I can only assume its a legally recognised…
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Free Wills
Hi my partner and I just used free wills to write fairly straightforward wills. What's the catch them being Free? We didn't choose them as executor. Has anyone else used this service as advertised by Martin Lewis? They seem to have good reviews? Thanks
A place for mums with kids of all ages to discuss parent MoneySaving matters.
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