deed of trust - how to split or input into property?

JennyW_2

it's not just a case of the OP girlfriend getting something in writing or being financial independent - this case goes much deeper than that. If people want to draw up contracts in the case of the split then fine, but it looks as in this case, it's going to come down to spliting costs for every tin of paint, paintbrush or floor board!

suki1964

Im with Jenny on this.

Are you sure this is something you are going to be wanting to go into? You even say you are going to be sharing household costs equally, yet how is this going to sit when shes earning more then you so after putting in her 50% of costs shes got money to spend or save and you're broke?

Maybe Im old fashioned but I always thought that if you were setting up home together it had something to do with love. And in that came trust and a sense of being a partnership - 50/50 - not 30/70.

When I met my now hubby he was sleeping onsite in a sleeping bag, seperated with two kids to support and without a penny to his name. I had a HA flat and some savings. Within four years we had our first mortgage together - jointly - even though the mortgage was offered on my earnings only. Six years ago I gave up working and havent contributed to the household financially ever since.This house we are in now the mortgage is on his earings only - yet we are still joint owners. As a partnership/couple if we ever did split it would be a 50/50 split. We have had times when Ive been the "earner", times when we have earned equall amounts and times like now where hes the breadwinner. But partnerships and relationships are not all about monetry values and tbh Id be running a mile from the scenario painted by the op

JennyW_2

Maybe Im old fashioned but I always thought that if you were setting up home together it had something to do with love. And in that came trust and a sense of being a partnership - 50/50 - not 30/70.

my thoughts exactly!

what on earth would happen if you became unemployed?

What the OP is describing sounds more like a business venture rather than a couple setting up home and their lives together

JustTakeAllMyMoney

JennyW wrote:

my thoughts exactly!

what on earth would happen if you became unemployed?

What the OP is describing sounds more like a business venture rather than a couple setting up home and their lives together

May be its a generation thing, my case is the opposite, I pay 80% of mortgage and all the stamp and deposit. My partner wanted an agreement just in case the worse was to happen and she did want to liable for than 20% of liabilities, it works both ways.

monkey_writer

thanks for your input everyone. :beer:

I still haven't figured out what to do though!

suki1964

monkey_writer wrote:

thanks for your input everyone. :beer:

I still haven't figured out what to do though!

Go with your heart. If you have any misgivings now, they will only grow ten fold over time

never_enough

suki1964 wrote:

Go with your heart. If you have any misgivings now, they will only grow ten fold over time

I agree with suki.