friend getting married - what happens if the worse were to occur?

Zola.

That's the roll of the dice he takes when choosing someone to marry.

If its meant to be, then a pre-nup wouldnt be considered, probably, and would probably be quite hurtful to the other half.

I have always seen pre-nups as American things that celebrities get when they marry people far beyond 'their league'

OP you sound concerned, is there a danger the person in question is infact questionable?

cuthbertlilly

BBH123 wrote: »

The best thing is to hide your assets and not disclose all your savings / property etc.

Having worked in a bank for a very long time I can't tell you the number of people with assts their partner knows nothing about.

How do you do this?

Zola.

Isnt hiding your assets off shore illegal?

And if you get scooped you'll probably pay more in penalties ?

Bravepants

My partner and I are not married, but we jointly own our property, in which we have a 50-50 split. Both our names are on the land registry. So that's that sorted.


We each have pensions and we each understand what would happen if we split, we take what we put in, and our pensions are our own.


The thing about divorce is it tends to be the lawyers that do the pushing for getting more!


There are some unscrupulous women out there. My partner's brother is going through a particularly nasty divorce at the mo. They have two kids between them, and his partner has her own child too. She basically wants 80% of everything he owns, including the house he had before he met her, and a share of his father's estate, and for him to continue paying her mortgage AFTER the divorce is over. Granted she will likely have custody of the children, but she also a couple of years ago inherited £100K from her late mum, which she promptly blew on various things including a garden recording studio for the house, which is now likely to be sold anyway, holidays and other expensive items. She didn't think to use that money for her and her kids futures, no she wanted to blow it to make sure she got as much out of her husband as possible. In court she states how her "mother would have wanted that". What? For her to blow all her mother's life savings on crap?


My partner's other brother has three kids (two with his estranged wife), they are divorced but she still wants £30k out of him. He doesn't earn a particularly large amount of money, and her parents are millionaires, and she is re-married already!


There are some spectacularly greedy people out there!


Anyway enjoy your (erm, sorry your friend's) wedding day!

Malthusian

Zola. wrote: »

Isnt hiding your assets off shore illegal?

Holding them offshore is not in itself illegal. Not paying the due tax on them definitely is illegal.

And if you are paying the tax on them then your chances of your newly ex wife's solicitor not being able to follow the paper trail is essentially nil.

If you loathe your fiancee so much that you would rather pay £5 to HMRC than £1 to her on divorce then hiding your assets offshore is a terrifically clever idea.

It may be possible to successfully illegally hide money offshore but if someone was in a position to do that they wouldn't be asking for advice on MSE.

BBH123 wrote:

Having worked in a bank for a very long time I can't tell you the number of people with assts their partner knows nothing about.

Right, and I'm Al Capone's tax adviser. I suppose you've told your Money Laundering Reporting Officer of your concerns?

How do you know their partner has no idea about them? I have several accounts which are in my sole name and my partner knows nothing about. Not because I'm hiding them, but because they're ISAs and my partner leaves me to get on with that part of the household finances. It's no business whatsoever of the bank staff whether I show my partner the statements or not. In the event of divorce, my partner's solicitor would be told of the accounts along with everything else.

johnmoney05

atush wrote: »

and I have seen so many women crushed when non married partners split. incl getting nothing from a property they contributed to, and being thrown out of their own home.

The women you saw, they needed a good (well, any will do) lawyer!

[Deleted User]

cuthbertlilly wrote: »

How do you do this?

Not talking about hiding from authorities but from partner

johnmoney05

cashbackproblems wrote: »

Tell him not to put in 80% deposit or if he does have a tenants in common agreement so he keeps his share of deposit in break up. Also to keep any investments or cash seperate and not tell her about it or link it to his main current account as in divorce u are asked to disclose 12 months statements. If he has alot of money he can move some offshore for extra security , but courts cant find out about accounts unless your wife knows about it or you declare it

Well, just like avoiding Tax, if you got caught, you would lost more and hurt more! The court could award everything in the book to the other side if they found it. Just be warned!

johnmoney05

Malthusian wrote: »

How do you know their partner has no idea about them? I have several accounts which are in my sole name and my partner knows nothing about. Not because I'm hiding them, but because they're ISAs and my partner leaves me to get on with that part of the household finances. It's no business whatsoever of the bank staff whether I show my partner the statements or not. In the event of divorce, my partner's solicitor would be told of the accounts along with everything else.

Only if you are so sure about it! Your father in law might already set up some spy softwares program in your PC. Who knows!

Malthusian

johnmoney05 wrote: »

Only if you are so sure about it! Your father in law might already set up some spy softwares program in your PC. Who knows!

Who knows? Who cares? In the context of potential divorce, it makes absolutely no difference as all such accounts would be disclosed to my ex's solicitors. It would be profoundly stupid of me to do otherwise (as per post #39).

And what makes you think my wife would need daddy's help to set up a keylogger? I think it's been legal for women to use a computer since 1983.