Help me understand this please.

Mrs_Arkwright

Half.

You may not have financially contributed, but bringing up his child (and for a lot of that time, it appears, with no support from him, financial or otherwise) is as valid a contribution to a family unit as money is.

I'd be very seriously thinking about what you are getting into, not only for your own sake, but for your child's as well.

I hope it all works out for you

liz_uk

seven-day-weekend wrote:

I don't wish to offend anyone, but I can't imagine why the OP is thinking of having a major financial partnershipship with this person when she is so worried about the relationship failing.

Have the equity from your house sale and use it towards buying a place of your own.

Your post cracked me up - I`m more than happy in my relationship thank you and I`m only looking out for my future, should anything happen !

mrcow

seven-day-weekend wrote:

I don't wish to offend anyone, but I can't imagine why the OP is thinking of having a major financial partnershipship with this person when she is so worried about the relationship failing.

But is it not prudent to make sure your back is covered? No one has a crystal ball as to what will happen in the future.

Unfortunately, it's a sad fact of life that a large proportion of marriages fail these days. Most of these newlyweds would have gone in with their eyes open fully prepared for a life long commitment......life doesn't also turn out the way we plan.

Now may the only chance Liz has to ensure that her future is secure should anything happen. Once she signs away her rights to her current equity (and it sounds like half of it is her equity) she may never have the chance to get it back for her, or her daughter........just my thoughts

Rimo2021

seven-day-weekend wrote:

I don't wish to offend anyone, but I can't imagine why the OP is thinking of having a major financial partnershipship with this person when she is so worried about the relationship failing.

Have the equity from your house sale and use it towards buying a place of your own.

Sorting out the finances doesn't mean you are worried about a relationship failing.

Sorting out what would happen to finances in the event of a split often benefits the relationship by preventing one partner from feeling financially dependant which can create an inequality destructive to the relationship. If the partners are equal and secure of this they can concentrate on loving and supporting each other without any nasty little niggling doubts (and what relationship doesn't have the odd 'bad patch'?) chipping away at their trust in each other.

If the OPs partner doesn't want to secure to her legally what's rightfully hers - better she finds out now in my opinion.

liz_uk

Ok, so after many discussions with my partner, we came to an agreement that he would give me a lump sum if anything ever happenned, plus 50% of the profit from the sale.

Now what is a reasonable lump sum??

mrcow

liz_uk wrote:

Ok, so after many discussions with my partner, we came to an agreement that he would give me a lump sum if anything ever happenned, plus 50% of the profit from the sale.

Now what is a reasonable lump sum??

£58000 sounds reasonable to me.

CB1979_2

CB1979 wrote:

how much of the £116k was HIS money originally?

ie if he put in £80k originally and then now you've sold a house and "he" has £116k, personally would say you want 50% of the profit from the sale of the house?

therefore £116k minus his orginal £80k, you have £36k left, then split that 50-50, to me that's fair.

simple as that surely? ^^^^