Protecting my home in case of divorce

LilElvis

username12345678 wrote: »

I'm not suggesting for a moment the OP should do this but what would stop someone remortgaging the house then putting the proceeds in to a QROPs that is outside the jurisdiction of the courts?

Because the court would want an explanation as to where the proceeds of the remortgage went? And then have everything else they say disbelieved because theyve been disingenuous/lied.

ognum

This poster hasn’t been back since he put up his first post, anyone who thinks he is reading is wasting their time!

username12345678

"The proceeds went in to a pension for my wife and myself for our futures...and of course I will ask my overseas pension provider to comply with any lawful instruction from the court".

It wouldn't be the OP's fault that the courts reach didn't extend to certain overseas pensions.

LilElvis

username12345678 wrote: »

"The proceeds went in to a pension for my wife and myself for our futures...and of course I will ask my overseas pension provider to comply with any lawful instruction from the court".

It wouldn't be the OP's fault that the courts reach didn't extend to certain overseas pensions.

Very big. Very clever. If Russian oligarchs get huge awards made against them, despite claiming penury, do you think the court will believe a regular guy who just happened to make his only major asset disappear at, coincidentally, the time he separated from his wife? He would have to show the proceeds were transferred offshore. Doubt he could pull it off.

robpw2

username12345678 wrote: »

"The proceeds went in to a pension for my wife and myself for our futures...and of course I will ask my overseas pension provider to comply with any lawful instruction from the court".

It wouldn't be the OP's fault that the courts reach didn't extend to certain overseas pensions.

So just before you divorce your wife you suddenly decide to remortgage and move the money overseas ....

Sorry that would scream of trying to hide marital assets

username12345678

There is no hiding of assets.


And I find it difficult to believe that anybody would consider investing in a pension as depravation of marital assets.


The pension pot would be offered up to the court as part of (the only?) marital asset. It is up to the court to decide how far its reach went in terms of re-allocation of those assets.


Previous cases have shown the courts have accepted their power does not reach in to certain jurisdictions when it comes to pensions and no sanction was placed on the individual concerned as they had done nothing wrong.


Legally if not morally i'll grant you..

thorsoak

OP : I realise that you won't like reading what I am going to suggest - but this thread might make you come to terms with what can happen when a marriage breaks up.

This is the thread that I recommend :- https://forums.moneysavingexpert.com/discussion/4556575

Might be salutory reading for you.

jimbo747

Simple. As above remortgage house. Gift half the cash to your sister.

Put your half of the money in betfair. Bet on an unpopular event at odds of evens that has a very low chance of happening, eg team A to win.

Put sisters half in betfair (or even better a different exchange to get around fraud and money laundering checks) same event but the opposite outcome, eg team A not to win.. will cost you 5% but cheaper than giving your wife the house.

If team A loses / draws then you have no cash, your sister now has it all, get her to whack it in bitcoin or something, then Xfer to your wallet. Untraceable. And you've gambled your half away it will look like to the courts.

If team A wins, just repeat event above giving half cash to sister but then on event setting odds to 3.0.

If you need help converting to cash let me know.

chesky

The op has only posted once, weeks ago and has never returned. Your’e wasting your time.

youlaw

It's worth noting that the UK system isn't 'fault based'. So the fact your wife cheated won't give you any additional rights or advantage necessarily (other than the moral high group that is).