Entering Marriage with valuable assets, where do I stand

Apple24

Just wanted to say Thank you to everyone who replied.


The Information everyone has suggested really helps!


Thank you

Guest101

I want to get married, but not properly married, it's all still mine. I just want to wear a ring...

If you don't agree with it, don't get married!

justme111

There might be reasons that make it difficult to leave together or impossible if not married. If he is not from EU and does not have residency here for example.

Gavin83

Aren't they changing the law on this so even if your together but not married you still need to share assets on splitting up? If so your marital status matters not.

C_Mababejive

I think that i would never go live in a house that i didnt have a legal right to occupy,,at least not for more than say 6 months.

What sort of value/stake/security would he have? He would be contributing to the overall wealth of the unit but gaining little from it.

If you are both so committed that you want to get married, maybe the answer is to sell up and buy a home together,,or does he not have any money?

I am not a big fan of marriage,,maybe just dont get married? Whos idea was it to marry anyway?

justme111

He would be living without paying rent or mortgage. Quite a benefit.

Peter333

Apple24 wrote: »

I’m hoping I could get some help and advice with the following
I currently own my own home where I live and all the contents inside it. I am due to get married next year and my fianc! has no assets at all. I know after marriage ‘what’s yours is mine’ and all that but I have worked very hard to achieve what I have today and want some security.

After marriage my soon to be husband will move in with me. We have agreed that I will continue to pay the mortgage and he will make a contribution to bills. However, I still would like something legal to confirm the house and only the current assets in the house are mine. The only reason for this is for whatever reason if things don’t work out 10 years down then I want to know I am safe and secure in my own house as I’m not sure if we would we will be in a good financial position as a couple to buy a property together.

I have been reading about prenuptial agreements but understand they are not legally binding in United Kingdom. Does anybody know of any other route that I could take which is legally binding? I know more than likely I will never use it but you just never know. Any help and advice would be greatly appreciated

Mojisola wrote: »

After ten years, the split would start at 50/50 with very good arguments needed to give more to one party.

A marriage that lasts up to about five years and then finishes is more likely to end up with each side being returned to the financial state they were in before the marriage.

If you want to keep all your assets, don't get married.

tea_lover wrote: »

You can either keep your assets as solely yours, or you can get married.

I agree with the majority here. I have never understood this 'my money, your money' mentality that some people have when they're married. It's not a marriage if you are keeping your 'own' money to yourself.

I have known several couples like this, and they don't share ANYthing. They even buy their individual drinks in the pub. We went out with a couple the other week, and he got up to get himself a pint of beer. She said 'can you get me a glass of wine?' and he stood there with his hand held out while she fished out four pound coins. She said 'I want my 50p change!' Some marriage!!! Me and my wife found it so odd.

I also know a recently married couple who were going to go to Paris this summer, but she can't really afford it now, as she has had her hours cut at work; so she's not going. He's actually going with his brother now. No question of him paying more so his wife can go! If she can't pay her share, then she doesn't get to go! This is a married couple!

I know everyone is entitled to protect their assets/inheritance/inherited family home etc etc, and there are some rip-off merchants out there, but !!!!!! if you want to keep your money to yourself, don't get married! If I was with a woman that wanted to protect her money from me, and wanted to keep her name ONLY on the house deeds, so I had no security or anything; I most certainly would not be marrying her.

Mojisola

justme111 wrote: »

He would be living without paying rent or mortgage. Quite a benefit.

One way some couples deal with this is that the non-owner puts the equivalent of half the mortgage away in a savings account each month for a set number of years. After that, the couple decide if the relationship looks firm - if so, the other partner's name gets put on the deeds and the savings become joint (pay off part of the mortgage, spend in an agreed way or keep as a rainy day fund).

If they split, the house owner keeps the property and the partner has a lump sum to set themselves up in a home elsewhere.

C_Mababejive

justme111 wrote: »

He would be living without paying rent or mortgage. Quite a benefit.

I agree but think about this,, if/when the house needs work doing i,e decorating,carpets,windows,building work,,,will he have any say in the matter? Will he be asked/expected to contribute?

He will have no influence or power in the relationship and will to some extent be in thrall to some woman who provides the roof over his head.

He might as well be part of the furniture.

It might seem ok for a year or two but after a while the cracks will appear..

justme111

Haha -furniture
I can see your point, it is not great when one does not feel in command where one lives.