How do i transfer half my house to my new husband?

BitterAndTwisted

I saw nothing wrong with the motives either and that's why I didn't question them. The OP gave no indication that her husband had a property for them to leave one another's houses to each other. I suspect if there were there might have been mention of them.

Still, I reckon that the OP may have got the gist of why caution might be sensible under the circs if they have read the responses.

Scotchnan

Is a will cheaper than changing the deeds?

Ulfar

How does this sort of conversation come up.

I would be very wary.

Wouldn't a more suitable arrangement be that if they want a joint home for the OP to sell her house and for them to buy together. The OP could put up her money for her half and the husband could either put money up or he would be paying the mortgage on the other half.

The solicitor at this point can formalise what happens if a split occurs.

fatpuppy_2

Hi Everyone

Thanks for all your (sometimes useful) replies.

I can clarify the following:

1. He is 29 and I am 34.
2. I take my wedding vows very seriously and I am not one of these people of today that seems to consider getting married for a while rather than for the rest of their lives.
3. I am not so blinded by love that I wouldn't have been able to tell if OH has a gambling problem!
4. I am shocked that several of you believe mental difficulties are a valid reason to end a marriage. Do those people only take the smooth with the smooth? OH has in fact got bipolar disorder which has hospitalised him in the past, and made both our lives very difficult at times. None of this matters because he is supportive and loving and pretty much perfect. I do not believe I am still looking at the relationship through rose tinted specs 6 years on.
5. I have thought long and hard about this decision. It was MY idea and he objected to it for some time.
6. I was actually after information on the practical mechanism involved to achieve passing OH half the house and any tax implications it might have on either of us, rather than judgement on my personal ability to make a decision.


If anyone can help with advice on the tax/financial implications of the situation I'd be really grateful

Many thanks

BitterAndTwisted

There are no tax implications but plenty of financial ones which have been mentioned and you have made plain you do not need advice on.

Running_Horse

I know you don't want to hear this, but don't do anything for now.

If the marriage works well then there's no real difference in changing legal ownership.

If the marriage fails...

UrWntr

SuzieSue wrote: »

So when her husband gambles all his money away she should be pleased that that she stuck to her wedding vows and became poor and homeless with him, rather than ensuring she kept her house and could help him through his problem. No-one is saying she should abandon him.

And when he has an affair? What do her wedding vows say she should do then?

I'm not saying she should do it, in fact I agree with your sentiment, but your views on 'gambling' clearly show how you really feel about your husband and illustrates the strength of your relationship.

I don't think you understand what a marriage is. If you have underlying fears about your husband's behaviour, perhaps you shouldn't have got married.

Seanymph

UrWntr wrote: »

I'm not saying she should do it, in fact I agree with your sentiment, but your views on 'gambling' clearly show how you really feel about your husband and illustrates the strength of your relationship.

I don't think you understand what a marriage is. If you have underlying fears about your husband's behaviour, perhaps you shouldn't have got married.

Suzie doesn't say 'if your husband gambles and you leave him'. She says 'you would be homeless'.

There are any number of threads on here from women whose husbands have remortgaged/left and because they are on the deeds they lose control of their houses despite having a 50% interest with the bank and on the deeds.

The OP doesn't even have the protection of a bank.

A gambler will raise funds however they can, any addict will. It was an example rather than a prophesie buy Suzie. The OP can control herself, her circumstances, her habits and her risk. Handing over control of her property to her new husband puts her at risk of HIS circumstances and habits which potentially could change in time and threaten the very roof over her head.

It's possible. It doesn't mean suzie is a 'man hater' or not committed to her own relationship (sheesh). It just means that she is realistic in taking risk assessments in life.

C_Mababejive

I can only add to what other people say....

You can have a perfectly functional relationship with your new husband AND retain ownership of your home.

I would strongly counsel you not to do this.

If it is important that you both have a stake in your joint home...and i believe it is...then sell and buy something else jointly.

Even if you do gift half your home to him..it will still never feel truly like his home to him...

pimento

The only Bi-Polar man I ever knew could spend money like a man with no arms during his manic phases.