What have I done?!?!?

AMILLIONDOLLARS

I think for everyones sake you better make a Will, both you and your partner, in your case should you die (god forbid) you partner would be in a very difficult situation, paying out a lot of money, then possibly find himself homeless should something happen to you. You need to both sit down and discuss what happens to the house should anything happen to either of you. You should also discuss and draw up an partner agreement, as it stands you are being unfair to your partner, (I know you have said that he doesn't care about not being on the deeds, but there will come a time when he will). Maybe will the house over to the kids with the proviso that dad lives there as long as he wants??

There are so many pitfalls in this situation buying another house is the least of your problems.

tinkerbell84

sammiea1976 wrote: »

Maybe he would, but heres hoping we wont split as i have just found out im expecting our 2nd child (my third).

Which presumably is how you felt about your ex, who you also had a child with, and who is causing you all this hassle?

sammiea1976

tinkerbell84 wrote: »

Which presumably is how you felt about your ex, who you also had a child with, and who is causing you all this hassle?

Yes your totally right, and thats why im not going to make that mistake again and he will not be named on the deeds.

MrDT

sammiea1976 wrote: »

Yes your totally right, and thats why im not going to make that mistake again and he will not be named on the deeds.

But if he's living there and going out to work to feed and clothe the family, pay the council tax, heating, lighting, everything, while you stay at home, do you not think he'll have a claim should it all go horribly wrong?

I'm not having a dig, please don't take it that way, but name on the deeds isn't the end of the story, I think that's what a few of the posters are trying to say.

sarah_elton

sammiea1976 wrote: »

The house cant be in solely my name until all the crap is sorted with the courts with regards to the ex. Once that is over then he will take his name off the deeds.

Ahh ok, sorry to hear about the mess. Ignore me then - was just a bit concerned when you said you didn't know too much about inheritance tax rules.

neverdespairgirl

I think you (OP) need proper legal advice about the following:

(1) estate planning regarding a possible inheritance tax liability;
(2) an agreement between you and your partner about equitable ownership of the new house if you split.

fhmman

and theres me worrrying about my 182000 that ive just taken out!!