Protect my assets before marriage

Retireby40

onwards&upwards said:

Retireby40 said:

Why do you think someone should have a right over something that an individual has built up over the years as a single person? 

Because life happens, things change!  After a certain point it becomes impossible to draw such clear lines, doesn’t it?  Things blur! 

No it is actually incredibly easy. 

flanker6

onwards&upwards said:

Retireby40 said:

Why do you think someone should have a right over something that an individual has built up over the years as a single person? 

Because life happens, things change!  After a certain point it becomes impossible to draw such clear lines, doesn’t it?  Things blur! 

Wouldn't a pre nup draw those "clear lines? It would identify assets that each partner brought into the relationship.

svain

onwards&upwards said:

svain said:

onwards&upwards said:

Retireby40 said:

 if they did divorce 1 year down the line and the OPs partner claimed and got half of the house that's what it would be. Theft if not legally classed as that.

But that wouldn’t happen because it would be a short marriage so the court’s starting point would be to return them to the pre-marriage positions as far as possible.

Its not a bad system, really!

It should not matter if they are together 1year or 20years .... If Person A went into the relationship owning their asset outright then that should revert back to them in event of a break up (including any increase in value due to market rises)

So everything that happens in the intervening 20 years, kids, illnesses, redundancy, career change, caring for parents, none of it should have any bearing in your opinion? 

Not really ... because none of it changes what was bought into the relationship

CHL45

I spent 10+ years saving up and managed to put down a deposit on a 3 bed house in London which I have been living in and paying the mortgage on for a couple of years now. I'm a year into a relationship that's going well and in my head  tois starting think long term. Whilst I spent my 20s scrapping together enough money to buy my own place my GF is more care free and spendy than me and hasn't got much in the way of savings and rents a place rather than owns. We would probably never live together before getting married but I think I'd be hesitant to expose myself to any risk around losing the house. If we were to get married, and instead of moving into my place, I put it on rent and kept all income from it separate, would it effectively be ring fenced and be safe?

Mojisola

CHL45 said:

If we were to get married, and instead of moving into my place, I put it on rent and kept all income from it separate, would it effectively be ring fenced and be safe?

If the marriage was only a short one, probably.

After a few years, all assets are considered joint and the starting point for the division of assets in a divorce would be 50/50.

Retireby40

CHL45 said:

I spent 10+ years saving up and managed to put down a deposit on a 3 bed house in London which I have been living in and paying the mortgage on for a couple of years now. I'm a year into a relationship that's going well and in my head  tois starting think long term. Whilst I spent my 20s scrapping together enough money to buy my own place my GF is more care free and spendy than me and hasn't got much in the way of savings and rents a place rather than owns. We would probably never live together before getting married but I think I'd be hesitant to expose myself to any risk around losing the house. If we were to get married, and instead of moving into my place, I put it on rent and kept all income from it separate, would it effectively be ring fenced and be safe?

Why an earth are you thinking of marrying someone you haven't lived with and dont plan on until your married? Recipe for disaster.

sweetsand

OP, you state he has a good monthly salary. Most of the people I worked, about 80% got paid more than I did but many had nothing to show for it, other just about had something to show for it and from what I know one was close to the financial position I am in. So, you need to know where his money has gone, is he throwing the money away, gambling, paying for sex (no offence but some men do as well as women) has commitments to his offspring and/or other debts. Also do a finical check on him re debts, etc. One of my siblings daughter who had cash and property worth around 300k met this "great guy" flash car, flash apartment, and what appeared to be a great job - they were both about 30 yrs old but the bloke had naff all to show other than debts of a good 35k ran up by cars on HP, sky high rents living the life and almost everything on credit and when she brought this up to his surprise after she accepted his marriage proposal, he got angry and nasty, a luck escpae for her for sure.

Grumpelstiltskin

Sweetsand What do you get by constantly dragging up threads that are months or even years old?
If you want to help then comment on current threads not old dead ones.

sheramber

sweetsand said:

OP, you state he has a good monthly salary. Most of the people I worked, about 80% got paid more than I did but many had nothing to show for it, other just about had something to show for it and from what I know one was close to the financial position I am in. So, you need to know where his money has gone, is he throwing the money away, gambling, paying for sex (no offence but some men do as well as women) has commitments to his offspring and/or other debts. Also do a finical check on him re debts, etc. One of my siblings daughter who had cash and property worth around 300k met this "great guy" flash car, flash apartment, and what appeared to be a great job - they were both about 30 yrs old but the bloke had naff all to show other than debts of a good 35k ran up by cars on HP, sky high rents living the life and almost everything on credit and when she brought this up to his surprise after she accepted his marriage proposal, he got angry and nasty, a luck escpae for her for sure.

Since the OP has not been online   March it is unlikely they will see your post .