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Selling Investment Property to Father ahead of Divorce.
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groovy_chick said:elsien said:
When we get married we stand there and say "all I have, I give to you" .... people seem to conveniently forget that all too easily when the party is over!
i can't remember what we said, but i am sure we made up the words ourselves and if we did, it would have been very brief, like, 'yes, i agree to marry you'.0 -
groovy_chick said:When we get married we stand there and say "all I have, I give to you" .... people seem to conveniently forget that all too easily when the party is over!To be fair, not everyone says this in their wedding ceremony.In an RO wedding there are only two things necessary (although the wording can be varied) -"I declare that I know of no legal reason why I ... may not be joined in marriage to ..." and"I..., take you..., to be my wedded wife (or husband)"1
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Mojisola said:groovy_chick said:When we get married we stand there and say "all I have, I give to you" .... people seem to conveniently forget that all too easily when the party is over!To be fair, not everyone says this in their wedding ceremony.In an RO wedding there are only two things necessary (although the wording can be varied) -"I declare that I know of no legal reason why I ... may not be joined in marriage to ..." and"I..., take you..., to be my wedded wife (or husband)"
i don't actually remember saying i know of no legal reason why i can't marry but it does sound like the sort of sentence that you would have to say.0 -
Also it doesn't always end up with a 50/50 split. But assuming that as a starting point would be wise.
As for gifting and retrieving - no. Just no.Signature removed for peace of mind0 -
Thanks everyone for your response. So looks like it’s best to agree a financial settlement rather than drag it out through the courts. My solicitor advised if you have any savings then ‘enjoy yourself’ more than usual. Inadvertently implying reduce the savings pot. What things can some savings be spent out without the court being able to reverse transactions?0
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Also is it advised to pay off any of my personal debts (loans, credit cards etc) before divorce proceedings start?0
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Charlie1985 said:Thanks everyone for your response. So looks like it’s best to agree a financial settlement rather than drag it out through the courts. My solicitor advised if you have any savings then ‘enjoy yourself’ more than usual. Inadvertently implying reduce the savings pot. What things can some savings be spent out without the court being able to reverse transactions?
he ended up acrruing debt on his credit card as he still wanted to go on holiday and could no longer get access to his savings account. i think he got completely shafted in the divorce. he lost the house as the judge awarded the whole house to his wife in exchange for no access to his pension. and he was able to keep his existing home, where he owns half. his wife had asked for that as well and he was worried that he would also lose that and would be homeless but the court did not award her this.
the divorce system makes it very difficult to spend the joint assets as they will take it into account. i am surprised your solicitor told you to spend the money, but it may be that you can do so until the other side get a court order to tell you to stop.0 -
Charlie1985 said:Thanks everyone for your response. So looks like it’s best to agree a financial settlement rather than drag it out through the courts. My solicitor advised if you have any savings then ‘enjoy yourself’ more than usual. Inadvertently implying reduce the savings pot. What things can some savings be spent out without the court being able to reverse transactions?
Pay off any debts you both have so when you split your son isn't financially affected by either of you having to pay debt rather than keep a house going.
Set up power of attorneys, and pre paid funeral plans for you both so your son won't have to thing about it when the time comes.
I'd keep some though so you both have a reasonable start with your son when you separate.
Does your wife have any suggestions? Do you discuss these things as she may have ideas you and I can't think of.Forty and fabulous, well that's what my cards say....1 -
Charlie1985 said:Thanks everyone for your response. So looks like it’s best to agree a financial settlement rather than drag it out through the courts. My solicitor advised if you have any savings then ‘enjoy yourself’ more than usual. Inadvertently implying reduce the savings pot. What things can some savings be spent out without the court being able to reverse transactions?Is it so important to you to hurt your wife?4
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