Setting up asset protection from Divorce & minimising tax liability

n141311

kidmugsy wrote: »

Do you live in Scotland or in E & W?

(When last I saw them the Scottish rules on assets on divorce were far more sensible: the assets you had before you married were not up for grabs by your spouse, though of course they could be directed to support your children).

I'm in England & Wales. I never knew that about Scotland. They do seem quite sensible regarding general policy, eg I heard that the elderly get free nursing care.

grey_gym_sock

n141311 wrote: »

I'd want my children supported no doubt, but I don't see why that would require asset sales / 50% split of assets. It seems a little unfair to be honest especially if liquidation involves pre-marital assets. I was raised by two loving parents on a shoe string. Put simply, if divorce happens, money should never be motivating factor & neither party should benefit financially IMO.

1 problem is that it's not entirely possible to separate supporting the children from supporting the parent who's the main carer. in order to provide a nice house in a nice area for the children to live in, you have to provide the same thing for the main carer. they can't be expected to live in shed in the garden and only pop into the house when the children need them!