A husbands dilemma

hueknight1969

In a nutshell our home is in my name and I want to do the right thing and put my wifes name on the deeds. But I think my wife is waitng for this to happen and then start a divorce.

and from http://www.terry.co.uk/men_div.html

It looks like id lose the kids and house which we have both built up over 25 years.

My dilemma is to do the right thing or not. Will I lose control of the situation if I put her on the deeds or will it make any difference at all?

ViolaLass

You're married, it's shared.

hueknight1969

So if she wanted a divorce shed already have started the process?

Wont it be easier for her once her name is on the deeds or will it not make any difference?

ACG

She may think she has to be on the deeds?

Personally if nothing else I would not incur the cost of doing a transfer of equity if I thought she was going to leave me.

Why not just ask her if shes wanting a divorce? At least then you will know so long as shes honest with her answer.

hueknight1969

Thanks all

ACG - Assuming she says yes to a divorce, will I have more control over the asset diving process (Its mortgage is paid in Feb). I just don’t want to be kicked out of my home by legal ppl with no deposit for another property.

If she wants a divorce she can have one but i want it to be done fairly (meaning we split the asset equally (and i don’t end up on the street)

Thrugelmir

Suggest that you consult a family solicitor yourself for advice. Your wife can make a claim on your assets irrespective of whether she's named or not.

There's no guarantees of retaining control. As the matter could end up being decided by a court.

Armorica

After 25 years and the children, the name on the deeds isn't the decider.

Why has this come up after so long??

hueknight1969

My wife had a property when we met and I bought our current property to in my name as a first time buyer while we waited a year to sell hers. We had a very low tracker mortgage and were told we would lose the very low rate if we put it joint names. meaning it has been that way for years.

Mojisola

Everything that both of you own is an asset of the marriage - savings, property, pensions, etc - and will be divided between you.

Unless your children are still under 18, there's no reason that she should end up with more than you.

If there are any under 18s, one of you will become the Parent With Care and that person might end up with a larger cut of the assets or use of the family home until the youngest child reaches 18 when the the house can be sold and the capital split.

hueknight1969

So I may as well put her name on the deeds as it will not make any difference to the outcome?

Old_Git

hueknight1969 wrote: »

So I may as well put her name on the deeds as it will not make any difference to the outcome?

why bother with the cost .Its the family home and if you both stay together then it has no bearing .If you divorce your money would have been wasted putting the home in joint names .