Protecting my inheritance

mellenrob

New to this so not sure if posting in right place - Can someone advise as do not seem to be able to find out a definitive answer, I am due to inherit a large sum of money but do not want my husband to have access to this. Have heard that if we were to separate/divorce that he would be entitled to 50%, which I do not want.

WTFH

If you don't want him to get access to it in the future, you would need to divorce him before you get the money, or get a legal agreement drawn up.

I guess the question is: what's more important to you - your money or your marriage?

RAS

If you inherit after the divorce, he would not get it; otherwise he could get 50%.

angeltreats

Is the person still alive? If so, perhaps they could put your inheritance into trust which could protect it from being taken into account in a divorce settlement.

If not, you might be able to use a deed of variation.

Either way you'd need to involve a solicitor.

andygb

WTFH wrote: »

If you don't want him to get access to it in the future, you would need to divorce him before you get the money, or get a legal agreement drawn up.

I guess the question is: what's more important to you - your money or your marriage?

To be honest it doesn't sound as if the marriage is in a healthy state at all.:(

WTFH

Yes, I was just going to make my original post:
"Based on what you've written, divorce him now, you've already made that decision in your head"

tyllwyd

He wouldn't automatically be entitled to a share of the money from day one, but depending on the circumstances, he might become entitled to something. You should really see a solicitor who can give you professional advice based on your situation.

fluffnutter

If you don't want your husband to share this money, you shouldn't be married.

Tropez

I don't think it is too fair to start casting doubt on the stability of the OPs marriage without further indication that something is amiss. While the wording of the OP might be a little on the negative side, there are people who simply think about these things in real terms.

The UK has the highest divorce rate in the EU and more than a third of marriages end in divorce. I imagine the vast majority of these couples did think they wouldn't become part of those statistics, but they did. Some people know they're taking a risk when they get married in the face of those statistics and sometimes the risk pays off, other times it doesn't.

Not all marriages where there is a level of doubt will fail, many do thrive, but it isn't wholly unreasonable to try and protect ones assets, particularly an inheritance which in most cases is a final gift from a departed loved one.

OP, the truth is whatever your circumstances, you'll likely need more professional advice than what you will probably get on here. A solicitor, maybe even an IFA, might be the right port of call.

January20

Its so easy to judge people on little information! I wonder how many of those who have would be happy to share a large inheritance if they were in a "bad" marriage". Not many I would think.

"Never judge a person until you have walked a mile in their shoes" comes to mind!

I thought this was a money saving site? It's a wonder people still ask for help!

CH27

I would ask the person leaving you the money to put it in Trust for you.