finance for unmarried couples

Lillibet1

brilliant advice thanks

HappyMJ

Lillibet1 wrote: »

brilliant advice thanks

You're welcome.

Marriage doesn't need to be fancy or anything especially if you've both done it before. Just a registry office will do and a few drinks with family afterwards will be all you need. You don't need to go the whole works with dresses, flowers, photographers and all that stuff.

If you aren't willing to do that then keep your money totally separate. Do not buy joint assets. Rent the property that you live in and split the expenses of running it 50/50. When you break up which it sounds inevitable as you aren't willing to look after each other in sickness i.e (miserable old git through disability or dementia) then either one of you can end the joint tenancy and the tenancy finishes for both of you and you move on with your lives without having to do anything financial at all.

onomatopoeia99

enthusiasticsaver wrote: »

How on earth do you own 82.5% of a house? If you are selling and buying another property make sure you have a lifetime interest in it if it is bought as tenants in common (50/50).

Tenants in common, to answer your question. No rule to say the percentages have to be 50% each, they can be whatever the parties decide.

missbiggles1

Lillibet1 wrote: »

Thanks to everyone who has commented. Some suggested we should get married. Others have asked for more detail, so I will say a little more here. My partner doesn't feel that marriage is 'necessary'. The words 'I love you' haven't escaped his lips in 11 years. He is a widower and I'm divorced, we are both in our 60's. Since I wouldn't want to commit myself to looking after such a miserable old git through disability or dementia (not would I expect him to look after me), I would like to organise our finances, so that we both get the best out of it, but that we are both able to walk away without complexity or suffering if we choose. I own 82.5% of our joint home which we are about to sell. He sold his marital home and has bought two flats. His income from pensions and the flats are about 5 times my income and I only have a state pension. Having said that we have a joint bank account, so I benefit from his income, although I buy personal things from my pension as and when I can afford them. So, it's complicated. I wouldn't know whether it would be a forum for tax, investments, inheritance, wills or what. I'm just trying to muddle through what seems to be a difficult situation because he wants the 82.5% share of our home to be 50-50 when we move on the basis that he has put money and work into the home, but this would leave me with only half a house and very little income should anything happen to him. I'd be grateful for advice. Thank you

You sound like you deserve each other.

onomatopoeia99

Newly_retired wrote: »

With a bit more detail, there are many posters who could help.

Unfortunately there are far more posters who will feel the need to make a condescending public judgement on what they perceive the OP's relationship with their partner to be, rather than offering any useful advice.

POPPYOSCAR

onomatopoeia99 wrote: »

Unfortunately there are far more posters who will feel the need to make a condescending public judgement on what they perceive the OP's relationship with their partner to be, rather than offering any useful advice.

Well said.


First line of OP "We don't want to get married"


First Line of a response "Get married".