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

cashbackproblems

johnmoney05 wrote: »

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!

Which is why you have to plan this before getting married, for example there is nothing illegal or difficult about opening an account in Dubai and keeping money there. Many of my friends do this now and as woman start to earn more they will do the same as the courts look to lift up the lower earner .


Lots of guys don't think this through before marriage but during divorce by then its too late to hide assets.

greenglide

there is nothing illegal or difficult about opening an account in Dubai and keeping money there. Many of my friends do this now

I suspect that this isn't a representative sample of the UK population though!

Personally I know no one who has an account in Dubai!

eskbanker

greenglide wrote: »

I suspect that this isn't a representative sample of the UK population though!

Personally I know no one who has an account in Dubai!

How do you know that though?! Maybe they all do but just haven't disclosed it....

Malthusian

cashbackproblems wrote: »

Which is why you have to plan this before getting married, for example there is nothing illegal or difficult about opening an account in Dubai and keeping money there.

Signing a piece of paper during divorce proceedings saying "this is all I have" and not mentioning your account in Dubai is, however, very definitely illegal. And very stupid, especially if your wife has a solicitor who has two brain cells to rub together and can ask where this and that money disappeared to.

Many of my friends do this now and as woman start to earn more they will do the same as the courts look to lift up the lower earner .

Maybe they should take themselves off to Dubai along with their money, they might feel more at home there. They can get some poor cowed woman to walk five paces behind them, collect a nice dowry and when they get bored of her, simply say "I divorce you" three times and keep all the assets of the marriage.

In this country however you don't get to say "what's ours is ours" for tax purposes but "what's mine is mine and what's ours is also mine" when you get bored of her.

If you don't want your assets to become part of the marriage then you aren't ready for marriage. There's no point pretending and fooling around with Dubai bank accounts.

cashbackproblems

Malthusian wrote: »

Signing a piece of paper during divorce proceedings saying "this is all I have" and not mentioning your account in Dubai is, however, very definitely illegal. And very stupid, especially if your wife has a solicitor who has two brain cells to rub together and can ask where this and that money disappeared to.

Maybe they should take themselves off to Dubai along with their money, they might feel more at home there. They can get some poor cowed woman to walk five paces behind them, collect a nice dowry and when they get bored of her, simply say "I divorce you" three times and keep all the assets of the marriage.

In this country however you don't get to say "what's ours is ours" for tax purposes but "what's mine is mine and what's ours is also mine" when you get bored of her.

If you don't want your assets to become part of the marriage then you aren't ready for marriage. There's no point pretending and fooling around with Dubai bank accounts.

You are clueless, there is no way a UK lawyer can access information in Dubai it is the least likely country where information would be shared with the UK!!


Many people do have accounts abroad, maybe not your friends who work for the council or Tesco's.

cashbackproblems

greenglide wrote: »

I suspect that this isn't a representative sample of the UK population though!

Personally I know no one who has an account in Dubai!

personally I know nobody with a Ferrari...they must not be bought by many people then?

veryintrigued

Gosh this thread has some depressing entries...

atush

Malthusian wrote: »

Not true. You mentioned "a property they contributed to" - if they paid towards the deposit or the mortgage they were entitled to equity in the property, unless there was a specific agreement to the contrary. Whether their name is on the deeds or not is irrelevant.

They paid X into the joint acct, and that was used to pay the bills. But the money paid for the mtg was paid from his sole acct. Her nae was on nothing, and no proof of any payments for the house. Was run all in his name.

Not to mention, if you are thrown out of your home, with no financial recompense, you cant afford a solicitor for very long- not long enough to take it thru the courts. There are no "No win NO Fee" solicitors in this area.

username12345678

atush wrote: »

Are you still married to the boys other parent?

If so, probably not the best teaching i've seen. Sure mention that assets would be shared, but saying his mother/father would want to ruin you for life? Not so nice, and possibly emotionally damaging.

Give the facts w/o bias.

We are very happily married thanks - with a well-adjusted son who is aware that the world can be a harsh and unfair place sometimes.

You also may want to re-read what I actually wrote rather than your rather hysterical and judgmental take on something I didn't write.

atush

I read what you wrote, saying his future spouse would take all of his money and leave him in financial ruin.

That sounded a bit hysterical to me, esp from someone who is happily married. It sounded more like someone resentful after a divorce?