Gifts like a house protected in case of a divorce?

westv

Why not just say to your Dad "Thank you for the kind offer but we'll be buying our house using our own funds as we would like to start on the assumption that we'll be together until death etc."?

theartfullodger

You need, perhaps, , I think, a "Deed of Interest" - see a Solicitor..

In my 2nd marriage (now on't 3rd...) wife & I were concerned that should wife # 1 come after me for monies/maintenance etc then we wanted to "ring-fence" the house (fairly, nothing dishonest). IIRC I was earning more & paying more of mortgage, but wife #2 put more in initially. We were so concerned that should wife #1 come after we would have immediately separated & gone for a divorce...

So we both signed a "Deed of Interest". It said (eg..)

83 Acacia Avenue.

Owned 70%/30% by Mrs Lodger/Mr Lodger... or bought with £xxk from Mrs Lodger & £yyk from Mr Lodger

What your Dad wants should be resolvable, I would hope... but I'm no divorce lawyer..

Cheers!

Lodger

tiny_tear

theartfullodger wrote: »

You need, perhaps, , I think, a "Deed of Interest" - see a Solicitor..

In my 2nd marriage (now on't 3rd...) wife & I were concerned that should wife # 1 come after me for monies/maintenance etc then we wanted to "ring-fence" the house (fairly, nothing dishonest). IIRC I was earning more & paying more of mortgage, but wife #2 put more in initially. We were so concerned that should wife #1 come after we would have immediately separated & gone for a divorce...

So we both signed a "Deed of Interest". It said (eg..)

83 Acacia Avenue.

Owned 70%/30% by Mrs Lodger/Mr Lodger... or bought with £xxk from Mrs Lodger & £yyk from Mr Lodger

What your Dad wants should be resolvable, I would hope... but I'm no divorce lawyer..

Cheers!

Lodger

I think it's a Deed of Trust. I did that last year with 75%/25% split between my husband and I. This way should anything happen we know how to split the money from the flat.

Women who just want half just because embarass me and give women a bad name...

OP you could do a split of 99%/1% or something assuming your husband will help pay some improvements...

Because you will need to bear in mind that you will both be spending money on the place.

Things that will improve the value of the house we split 75/25. Other things like furniture we split 50/50 or one of us buys the whole thing

LydiaJ

westv wrote: »

Why not just say to your Dad "Thank you for the kind offer but we'll be buying our house using our own funds as we would like to start on the assumption that we'll be together until death etc."?

A few years ago that's what I would have said.

Since then I've been in the position of asking my dad not to give me any more IHT-avoiding gifts while I was separated, because a big chunk would have got put into the settlement. I've then had to listen to him regretting giving me previous gifts of that kind and not tying them up ..."but of course we had no idea he would walk out on you".

Meanwhile my then husband found it very hard to understand why my dad would be upset at my family's money being used to buy a house for him to live in without me. "But if we'd bought a house together then we would both have lived in it, so the money was for both of us and he shouldn't mind me using it to buy a house for myself now I'm divorcing you." :mad:

So I applaud your suggestion that the OP should trust her husband (good basis for marriage) but I don't see why her dad should be under any moral obligation to trust his son-in-law.

neverdespairgirl

theturtle wrote: »

Hi there

I would go to the citizens advise bureau (CAB) they have offices all around the country they are free and they will give you advice or put you in contact with someone that can help, best is to call or just walk in and book an appointment.


This is the link:
citizensadvice.org.uk/


good luck
theturtle

With that sort of money, and international law implications, i wouldn't go to the CAB. Better to get proper paid-for advice.

neverdespairgirl

The OP is indeed female, from her name.

sunshinetours

Your father needs to pay for some trust advice from a German tax accountant or lawyer. you will not get the advice he needs on here I am afraid

tiny_tear

theartfullodger wrote: »

Is it just me or would others consider that sexist?? If it was worded the "other" way round ... "Men who just want half just because embarrass me and give men a bad name......" >>????

Cheers!


:Lodger

Sorry, I didn't mean to sound sexist. I am a woman myself so I thought it was allowed

I guess I have this weird sense of pride in my own money and don't want to be supported by anyone...

westv

LydiaJ wrote: »

So I applaud your suggestion that the OP should trust her husband (good basis for marriage) but I don't see why her dad should be under any moral obligation to trust his son-in-law.

I didn't say the OP's dad should trust her husband I was suggesting that they see if they can buy a house without his financial help.

judywoody

westv wrote: »

I didn't say the OP's dad should trust her husband I was suggesting that they see if they can buy a house without his financial help.

I wish we we could :-) We wouldn't even get a mortgage let alone the deposit for it - we both have hardly got a credit history (not a bad one just nothing on it) and we are both self-employed but the size of our business is too small to make an impression ...