We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
divorce and assets, under a year
when_will_it_end
Posts: 1,446 Forumite
hi all this is a questionfor my friend
he married last june, due to some recent events he has decided to file for divorce, he is quite a wealthy person, the partner has no savings but does own half of a property with an ex
my friend put him on his deeds 2 months ago so now the partner has a 50% share in his house also
what will this partner be able to claim on?
im sure i read somewhere that if a marrage lasts under a year then the partner has no claim unless he has bettered a property that they live in, this he has not done
will he be entitled to half the house value due to my friend putting him on the deeds?
if he is will my friend be entitled to halfthe property that he owns with an ex
its all quite messy and the partner has been very manipulative, while the friend has been a bit nieve, just want to help him the best i can, seems this partner has done this before
thanks
he married last june, due to some recent events he has decided to file for divorce, he is quite a wealthy person, the partner has no savings but does own half of a property with an ex
my friend put him on his deeds 2 months ago so now the partner has a 50% share in his house also
what will this partner be able to claim on?
im sure i read somewhere that if a marrage lasts under a year then the partner has no claim unless he has bettered a property that they live in, this he has not done
will he be entitled to half the house value due to my friend putting him on the deeds?
if he is will my friend be entitled to halfthe property that he owns with an ex
its all quite messy and the partner has been very manipulative, while the friend has been a bit nieve, just want to help him the best i can, seems this partner has done this before
thanks
0
Comments
-
division of assets is a complex area with many variables.
if he has cash as you say, the correct place for advice is a solicitor specialising in this field, not a load of punters on the internet.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
division of assets is a complex area with many variables.
if he has cash as you say, the correct place for advice is a solicitor specialising in this field, not a load of punters on the internet.
i know, he is going to try and get tuesday of work, he is obviously paniking i was hoping some one may have been in a similar situation and i could give him some reasuring advice0 -
it is generally said that a short marriage (no prior co-habitation?) that has yielded no children, both parties take out what they put in. Legal advice should confirm that. A generous 'good bye' gift to pay for a deposit on a flat and help buy some essential furnishings should be enough....0
-
clearingout wrote: »it is generally said that a short marriage (no prior co-habitation?) that has yielded no children, both parties take out what they put in. Legal advice should confirm that. A generous 'good bye' gift to pay for a deposit on a flat and help buy some essential furnishings should be enough....
thanks thats what he thought but is now worried about his house, the partner was arrested last night, i have suggested getting an injunction, can he leagaly change the locks even though his name is on the house0 -
no, he cannot bar someone from their own house
injunction or restraining order tho? cos that would be different.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
I don't know all the circumstances but this may help :
http://england.shelter.org.uk/get_advice/families_and_relationships/relationship_breakdown/occupation_orders
Your friend definitely needs legal advice.0 -
when_will_it_end wrote: »he married last june, due to some recent events he has decided to file for divorce, he is quite a wealthy person, the partner has no savings but does own half of a property with an ex
my friend put him on his deeds 2 months ago so now the partner has a 50% share in his house also
No legal training but I would have thought that as he put him on the deeds, it was a gift which can't be taken back. They are now joint owners of the house.0 -
No legal training but I would have thought that as he put him on the deeds, it was a gift which can't be taken back. They are now joint owners of the house.
I'll think you will find that this is not the case. I have been in a similar situation and, as I understand it, putting somebody's name on the deeds does not automatically give them a 50% share in the house, conversely, just because somebody's name is not on the deeds does not mean that they have no share in the house.
As has been said, a lot depends on how long the couple have been married.0 -
is there a mortgage on the jointly owned house or is it owned outright? I can see what mojisola is saying, although it would be usual to share in marriage and even without having registered it in joint names, it would be possible for the non-named spouse to register 'home rights' with the Land Registry. I think legal advice is required to get the picture clearer. Some solicitors do a free half hour - it might be worth seeing more than one to get a consensus - some will just tell you what you want to hear, charge you a small fortune to fight it and then,when you lose, tell you that nothing is ever certain....0
-
Gloomendoom wrote: »I'll think you will find that this is not the case. I have been in a similar situation and, as I understand it, putting somebody's name on the deeds does not automatically give them a 50% share in the house
Interesting. I hope 'when will it end' will come back and tell us what the solicitor says.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards