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Owning another property while living in a Housing association?
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If he's worried about that why is he getting married?0
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I'm glad you read this thread and took the advice
Sounds like your son needs to decide if she is "the one" if he is already worried about his assets in the divorce. But that's one for the relationship board
Doesn't sound like he is ready for marriage though2 -
Do you have a link to anything that confirms the bit in bold?Cruncher8934 said:If he owned the house prior to meeting her, and/or she hasn't invested a penny on the house whether that be mortgage, insurances or maintenance of the house and she doesn't ever so long they are together. plus he equally contributes to the upbringing and childcare of any of his children ie she doesn't become a stay at home mum, or go part time change career or salary potential at all by having his kids... Then in the event of divorce it won't be considered a marital asset.
However if she gives up her financial independence to raise his kids or she's paying half of the cost of the new kitchen or loft conversion etc then she absolutely deserves a percentage. And your son shouldn't marry her if he doesn't love her enough to want to do that.
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There are multiple other posts coming at the same preposterous idea from different angles: here is a link to one: https://forums.moneysavingexpert.com/discussion/6299829/owning-another-house#latest1
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In a short marriage where children aren't involved yes, a short marriage is generally defined as less than five years.newsgroupmonkey_ said:The amounts of money we're talking about here, surely it would be better talking to a family lawyer about how to better protect his asset?I mean, in terms of divorce, I would have thought as this is a non-matrimonial asset (i.e. one gained before the marriage), it wouldn't be included in a financial settlement. I'm no marine biologist though, hence why it might be worth running via a Solicitor."You've been reading SOS when it's just your clock reading 5:05 "0
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