Alternatives To a Prenup?
Discussion
Suggest you settle down with a nice drink and start reading here: https://www.pistonheads.com/gassing/topic.asp?h=0&...
Might give you some insight into just how quickly things can go wrong and how pre-meditated some of the situations are to part a (usually) man from his cash.
Might give you some insight into just how quickly things can go wrong and how pre-meditated some of the situations are to part a (usually) man from his cash.
To a certain degree it depends on the value and how much you'd want to spend legally if it came to a dispute.
Essentially, anything classified as a 'long' marriage will, in the case of divorce, see a division of property that is likely to be equal, or very close to it, whether or not the parties’ wealth has all come from one party. What makes a long marriage? Case law isn't all that clear - 20 years ago something accepted as a long marriage would be 15-20 years, but nowadays anything much over 5 might fall into that territory.
So if you got divorced reasonably soon - say, three years in - then any divorce lawyers would look more to what you bought into that marriage, but after around 5 years you'd find it a lot harder to argue.
To take it to extremes, if the property was worth £100m but in every other respect you and your wife were just your average middle-class couple, then a judge might acknowledge the massively disproportionate value of the property you'd brought into the marriage in any settlement, but if you're talking about a standard property that you happen to part-own, I'd say this would be unlikely.
If you have doubts and are not prepared to fully embrace the sharing element of marriage, then it's clearly not for you
Essentially, anything classified as a 'long' marriage will, in the case of divorce, see a division of property that is likely to be equal, or very close to it, whether or not the parties’ wealth has all come from one party. What makes a long marriage? Case law isn't all that clear - 20 years ago something accepted as a long marriage would be 15-20 years, but nowadays anything much over 5 might fall into that territory.
So if you got divorced reasonably soon - say, three years in - then any divorce lawyers would look more to what you bought into that marriage, but after around 5 years you'd find it a lot harder to argue.
To take it to extremes, if the property was worth £100m but in every other respect you and your wife were just your average middle-class couple, then a judge might acknowledge the massively disproportionate value of the property you'd brought into the marriage in any settlement, but if you're talking about a standard property that you happen to part-own, I'd say this would be unlikely.
If you have doubts and are not prepared to fully embrace the sharing element of marriage, then it's clearly not for you
Why does anyone get married these days? Very oddVasco said:
What is the benefit in getting married these days?. I can't think of any.
I've been in a relationship >20 years, 3 kids (not married yet despite the constant ear ache to do so). The business case really centres around tax avoidance: if only 1 of the couple is working i think you can gain some of their allowance, and in the event of death, you can pass your tax free inheritance threshold to your spouse; useful if you have assets over £375K and children you want to pass it to rather than giving it to HMRC. With gifting, combined, you can avoid inheritance up to £1M. Perversely, as equity increases in my property marriage makes more sense not less the older i get... maybe i'm just a hopeless romantic lolAs others have said, the 2nd charge on the property for your parents is a bad idea for inheritance reasons and can create a capital gains burden on them in the the event you sell at some point in the future.
get the prenup..
Edited by MDUBZ on Sunday 15th May 07:22
Statistically 50% of marriages have broken down in 5 years.
Each one of those couple thought that this was the one.
A lot of people go on to get married for a second time (sigh).
Some people even get married for a third time (sigh).
Dennis Waterman gor married four times........
Edit.
I thank that if "cultural reasons" have got into decision making this early in your marriage - and it obviously isn't your culture that is the sticking point - then I would be going back to the dating agency and starting again.
Each one of those couple thought that this was the one.
A lot of people go on to get married for a second time (sigh).
Some people even get married for a third time (sigh).
Dennis Waterman gor married four times........
Edit.
I thank that if "cultural reasons" have got into decision making this early in your marriage - and it obviously isn't your culture that is the sticking point - then I would be going back to the dating agency and starting again.
Edited by The Mad Monk on Sunday 15th May 07:40
anonymous said:
[redacted]
After 32 years of marriage, I'd definitely suggest that if you go into it not believing that failure will cost you everything, then you are a fool.By everything, I mean financially, mentally, socially, physically.
You Give everything you have. They give everything they have. To not do that, and a marriage can not survive the s
t that happens in life. Asking for a prenuptial agreement is saying, I'm not giving everything to this marriage. Why then should they give everything to it?
So how will it survive?
What the f
k is marriage anyway? My wife gets to decide if they turn off my life support or not, instead of my parents? Well I'm sure a lawyer could sort out a POA for that. Anything else? Any tax advantages? Oh wait. Children. Society has stopped stigmatising children if parents who are not married. We no longer call them b
ds. Anything else?
In summary.... What was the question. Ah prenup. No.
gottans said:
Kilkerran said:
What did your partner suggest when you talked to her about it?
I can imagine it would be something like 'if you loved me it wouldn't matter'.And women wonder why some men have committment issues.
king penny.Just for clarity, my bride to be paid off my (student) over-draft, before we were married. We both saved up jointly, the deposit for our first house, and whilst I've always been the higher earner we both see this as an equal partnership.
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