Unmarried couples must share house proceeds

kunekune

Well, fair enough ... but getting married won't protect you from losing your share of the depreciating property! And epz, I suspect so. Someone who was around last time may remember how banks handled it. I have an awful feeling they pursued anyone who could possibly reimbuse them.

PasturesNew

LillyJ wrote: »

That's what I keep telling my OH. I reckon 7 years is a long enough courtship!
He wants to wait till we're 30. We will have been together 15 years by then!

30 is a good age to get married.

If you're going to be together for life, waiting won't hurt. If you're going to split up, it's easier before you're married so there's no point rushing.

LillyJ

PasturesNew wrote: »

30 is a good age to get married.

If you're going to be together for life, waiting won't hurt. If you're going to split up, it's easier before you're married so there's no point rushing.

I don't think we are going to split up and neither does he! He just thinks weddings are a waste of money but doesn't want a quick wedding in a registry office for cheaper. Even a few grand at the moment we keep thinking "ooh we could spend that on over paying on the mortgage or doing the roof up" or whatever.

Only problem is we want kids in the next few years (having a mortgage and kids together makes it equally difficult to split up!) and I want to be married before then!

I personally think 7 years together and 3 years living together is long enough but I can see the point about the money issue. Oh well no harm in waiting I suppose! (No pressure from the parents makes it harder - both sets have been married for nearly 30 years and reckon they would still be together if they weren't married, so they all think it is a waste of money too!)

Oh well another few years as a Miss won't do me any harm!

notisis

Lily, check the mse guide to weddings. You can still have the full church wedding and save a shedload of money providing you compromise. There are a couple of other sites dedicated to weddings on a budget and believe me it can be done very cheaply! The other sites explain all.

BTW - two ways to own when buying which most solicitors will explain either in letter or leaflet is beneficial joint tenants i.e. property held equally and passes automatically on death to the other; and joint tenants in common whereby you decide what percentage each of you owns and that percentage does not automatically pass to the other on death. Obviously, when selling the way the property is held will be used or taken into consideration in matrimonial/family cases. i.e. on divorce/children involvement just because a house is held 30/70 doesn't automatically mean the house is sold and spouse gets that amount as children's needs for housing are taken into consideration at the time. Speak to your solicitor!

neverdespairgirl

PasturesNew wrote: »

Everybody should just get married. After a proper courtship.
That sorts it.

Cheaper just to draw up a legal agreement as to who gets what if you split, the MSE way (-:

neverdespairgirl

LillyJ wrote: »

Oh well another few years as a Miss won't do me any harm!

I'm 30, and OH and I aren't married. We have a 2 year old son, and have been living together since 1997, though!

I'll always be a "Miss" anyway, personally I don't want to change my nice, easy to say and spell name for OH's nightmare surname, and professionally barristers almost always stay "Miss Smith" even if they are "Mrs Bloggs" outside work.

Kavanne

neverdespairgirl wrote: »

I'm 30, and OH and I aren't married. We have a 2 year old son, and have been living together since 1997, though!

I'll always be a "Miss" anyway, personally I don't want to change my nice, easy to say and spell name for OH's nightmare surname, and professionally barristers almost always stay "Miss Smith" even if they are "Mrs Bloggs" outside work.

You don't HAVE to change your name if you marry

LillyJ

notisis wrote: »

Lily, check the mse guide to weddings. You can still have the full church wedding and save a shedload of money providing you compromise. There are a couple of other sites dedicated to weddings on a budget and believe me it can be done very cheaply! The other sites explain all.

BTW - two ways to own when buying which most solicitors will explain either in letter or leaflet is beneficial joint tenants i.e. property held equally and passes automatically on death to the other; and joint tenants in common whereby you decide what percentage each of you owns and that percentage does not automatically pass to the other on death. Obviously, when selling the way the property is held will be used or taken into consideration in matrimonial/family cases. i.e. on divorce/children involvement just because a house is held 30/70 doesn't automatically mean the house is sold and spouse gets that amount as children's needs for housing are taken into consideration at the time. Speak to your solicitor!

Thanks. We are going tennants in common but leaving the house to each other in our wills. In that case if we split up (which is unlikely but after some of my friends parents split up after 30+ years marriage you never know!) then our parents who gave us some deposit will have their interests protected etc, and if one of us dies then the other one gets the life insurance and the house.

We are going to some friends' wedding at the weekend and I am going to point out all the places where we could save money (without them hearing of course!) as they are the "put the 15 grand wedding on the credit card" type people! I don't want a church wedding but want the whole white dress thing. I suppose the point of a wedding is that all your friends and family come, the drinks flow and everyone has a good time watching you commit to each other!

LillyJ

neverdespairgirl wrote: »

I'm 30, and OH and I aren't married. We have a 2 year old son, and have been living together since 1997, though!

I'll always be a "Miss" anyway, personally I don't want to change my nice, easy to say and spell name for OH's nightmare surname, and professionally barristers almost always stay "Miss Smith" even if they are "Mrs Bloggs" outside work.

I would be the opposite, I have a nightmare complicated surname that is ALWAYS pronounced wrong, and is just impossible! Whereas OH has a nice easy English surname! But I always use his name on the phone anyway if booking a table, taxi, hotel or whatever, even if it is just for me. I can't be bothered with the hassle of spelling mine out to them!

neverdespairgirl

LillyJ wrote: »

I would be the opposite, I have a nightmare complicated surname that is ALWAYS pronounced wrong, and is just impossible! Whereas OH has a nice easy English surname! But I always use his name on the phone anyway if booking a table, taxi, hotel or whatever, even if it is just for me. I can't be bothered with the hassle of spelling mine out to them!

I absolutely promise, it can't be worse than OH's name. There are 3 people in the UK who have it - OH, his brother, and our son. Not many more world-wide either!

Everyone can spell my name, and say it too. Apart from when we visit Israel, and my name causes all types of trouble, and OH's is fine LOL