Preventing future wife taking 50% in possible future divorce.

iglimpse

Can somebody tell me what TROLL means please?

Don't bother if it is anything offensive...

sarahlouise210

I have not read the whole thread ..but depite you being so cautious I do believe you love your girlfriend. I can understand your fears to some extent - however from a womans point of view I have to admit that I would not consider marrying anyone who made me sign a prenuptual agreement...I would feel belittled and let down that there were even the slightest worries that the marriage may fail.

LittleVoice

iglimpse wrote: »

Can somebody tell me what TROLL means please?

Don't bother if it is anything offensive...

It's someone who posts controversial or provocative messages in a deliberate attempt to provoke readers to respond angrily.

clipboard2

I've no objection to trolls - they provoke thought and discussion on current issues, so why not? It's like a covert version of Martin's 'Moral Money Maze' dilemmas.

Have to admit Lonlad's story as a 23 year old new graduate didn't quite hold water.....[as a clipboard I ask people from every section of society impertinent questions eg. how much do you earn]....but I'm happy enough to give him, and all MSE'rs the benefit of the doubt!

Londlad

sharkmark wrote: »

Would you start a new business with this cautious attitude...? Would you start up a company thinking it might go bankrupt?

Yes. I would...
People who start companies do things to offset the risk.

If I knew 1 in 3 companies failed... (or as some one else pointed out pedantically that 2 out of 3 are a success), and I had invested 50% of my assets, I'd be very keen on finding out things I could do before hand.
e.g. Insurance policies, Outside investment etc...
You would be mad not to consider possible ways of protecting yourself.

So many of the recent posts headed in the wrong direction again. The typical:
- 'So what if she spends more' reply and 'love matters most' from "newmum1" seems off topic. If I am able to protect some of my assets, I don't see how it would impact on our love (nor should it have anything to do with either of our spending habits).
I have ruled out prenups, so don't see how your comments are relevant.

Please read the following, because the intention of my initial post has been lost on 90% of contributors.

I was simply looking for methods to protect any pre marrital asset (if things were available), that ideally, would not involve her in any way.
I quickly ruled out prenups, so was interested in any other protective vehicles.
All the replies (most of them) that do nothing to focus on the issue I was asking about and discuss the social aspect of relationships are all very well and good... but I'll just simply take them as:
"you can't do anything. the law is the law. live with it, and hope for the best".
I didn't come here for relationship guidance. I came here for money saving expertise.

Thanks anyway.
I have had a few useful suggestions in PM's about temporarily passing assets to other people should the worst happen, but nothing much else. I guess it just comes down to a judge and there are few protective measures one can take during life.

Londlad

In fact.. as one useful PM just suggested...
If an admin can lock the post to prevent further replies, we could put this to sleep.
The fact is, few have really understood my main query (probably my fault for going into so much detail).
I'll ask again maybe nearer the time in case the laws change, and I'll be sure to leave all detail of my personal situation out of it. It will be a very generic:
'Is there an investment vehicle one can place funds throughout life, which guarantee them to be safe from any divorce proceedings'?

This particular post has just spiralled out of control.
If the posts aren't attacking me for being so concerned with money, they are attacking my girlfriend for supposedly being a money grabber.
Still, not a bad achievement for my first one. Nothing wrong with a little controversy. Thanks to all who posted.

Night all. My 2 hour period of free time each day (not working, sleeping or eating) has been used up.

alyth

I've been reading this thread with interest, as my OH and I am in exactly the same situation, although my OH earns about double what you do, Londlad! When we first met we earned the same, we moved down south, and his earnings steadily rose whilst I earned around £35K, then when we moved back to Scotland my earnings went down to about £15K, whilst his stayed the same. The way we work it for us, is that I do all the household chores, look after the running of the house, look after him, look after the animals, and he pays for everything. This whole arrangement is based on trust and trust alone. We have separate bank accounts, I would never ever take money from him, I pay for food, and he pays for everything else, including a new car for me, as mine just died. It took me a long time to get my head around this, as when we lived in London I contributed a lot more to the money side of the house, but it works for us.

Do whatever is right for you, only you know how your relationship stands, it sounds as if your girlfriend has the same attitude to me, although I don't spend my money on myself, I tend to spend it on us, like meals or days out, things for the house, etc.

I understand why you want the post locked, I just wanted to pass on my support to you and say that I' now worried that you're my OH!

clipboard2

Hi Londlad!
Thank you for 'decluttering' your post; - I can now answer your specific question:

"is there an investment vehicle one can place funds in throughout life which guaruntees them to be safe from divorce proceedings?"

The answer is YES.

Situation 1 - If you have children :
Put all your spare capital, bonuses etc into a Child trust Fund. Tax efficient, your money stays locked up for your kids and your ex can't touch it.

Situation 2 - If you divorce with no children:
You can invest money securely, in a tax efficient way over time such that it cannot be located by your (ex) wife's legal team. The money stays invested in your name throughout. The super rich and moderately wealthy do this. It is a bit of a grey area, hence PM me if you are actually interested in this.

BTW, have you talked informally with your work colleagues about this? As investment bankers, surely they can help - this 'problem' must have crossed their minds too...

tiggerstar

Well as a mother, wife and a basic school education. I would like to say that I passed my Masters in Psychology last year and I am now earning more than my ex husband who after 23 years of marriage decided that money was more important to him. I have found that without the commitment from both people within the relationship there would seem little point in proceeding, after all who knows what will happen in the future. If one of you were seriously ill at some point and unable to work, would divorce be the first thing you would think of. If your partners financial contribution is so important to you may I suggest you explain this to her and let her go, so she can find someone who believes in her potential and loves her for who she is, and that you can find someone you are more compatible with.

Uniscots97

Not quite sure what to make of this as I can sort of see it from both sides but I have learned a lot. I orginally was in same position as your gf and had bf who was earning about 4K a week. I was quite hurt when I found out he'd done the same as you and sought advice to make sure I'd get nothing if we split. I didn't trust him after that. Fast forward a few years and I have a very good job, nice house etc but debt from getting rid of a scumbag ex who tried to fleece me. I now get seen as a cash opportunity by guys due to what I do and where I stay etc. I can't get taken seriously. I feel for you but if you really love her you need to talk to her not us. Pre-nups or 'cohabitation agreements' don't really work here. The latter I do know about. Even if she agrees to you getting the lion's share if you do split if it happens she could change her mind. As i said talk to her not us. At least you have someone to care about.