Potential divorce - house question
Discussion
Can anyone recommend someone to advise financially regarding a potential divorce for someone that bought their house when single with their inheritance & their partner moved in with them?
House wasn’t and still isn’t in joint names. Their name is the only name connected to it on land registry.
Asking for a friend, not for me or for anyone local to me either before anyone jumps to conclusions…
I should mention, this is a same sex 2nd marriage for them both
Married 10 years, no joint kids, there are adult ones from previous marriages (she was widowed young)
Her name is the only one of the land registry, there is no mortgage. House was bought outright by her for cash prior to marriage.
All help is appreciated
ETA additional details asked lower down
Wife is on £40k. My friend is not earning due to disability.
House wasn’t and still isn’t in joint names. Their name is the only name connected to it on land registry.
Asking for a friend, not for me or for anyone local to me either before anyone jumps to conclusions…
I should mention, this is a same sex 2nd marriage for them both
Married 10 years, no joint kids, there are adult ones from previous marriages (she was widowed young)
Her name is the only one of the land registry, there is no mortgage. House was bought outright by her for cash prior to marriage.
All help is appreciated
ETA additional details asked lower down
Wife is on £40k. My friend is not earning due to disability.
Edited by ali_kat on Thursday 16th March 08:34
ali_kat said:
Can anyone recommend someone to advise financially regarding a potential divorce for someone that bought their house when single with their inheritance & their partner moved in with them?
House wasn’t and still isn’t in joint names. Their name is the only name connected to it on land registry.
Asking for a friend, not for me or for anyone local to me either before anyone jumps to conclusions…
I should mention, this is a same sex 2nd marriage for them both
Married 10 years, no joint kids, there are adult ones from previous marriages (she was widowed young)
Her name is the only one of the land registry, there is no mortgage. House was bought outright by her for cash prior to marriage.
All help is appreciated
ETA additional details asked lower down
Wife is on £40k. My friend is not earning due to disability.
Speaking from a very similar situation (house was mine, together for 8 years). It will be included with all marital assets for negotiations. The divorce laws in this country need rethinking for situations like this.House wasn’t and still isn’t in joint names. Their name is the only name connected to it on land registry.
Asking for a friend, not for me or for anyone local to me either before anyone jumps to conclusions…
I should mention, this is a same sex 2nd marriage for them both
Married 10 years, no joint kids, there are adult ones from previous marriages (she was widowed young)
Her name is the only one of the land registry, there is no mortgage. House was bought outright by her for cash prior to marriage.
All help is appreciated
ETA additional details asked lower down
Wife is on £40k. My friend is not earning due to disability.
Edited by ali_kat on Thursday 16th March 08:34
Is it not the case that assets before a marriage are not included in any divorce?
If the asset has subsequently increased in value since the marriage, then the other half is entitled to 50% of the increase in value, not the initial value at the time of marriage?
ETA.... Load of tosh..... very complicated bit of agro this!!
If the asset has subsequently increased in value since the marriage, then the other half is entitled to 50% of the increase in value, not the initial value at the time of marriage?
ETA.... Load of tosh..... very complicated bit of agro this!!
Edited by super7 on Thursday 16th March 09:33
she has confirmed there was no mortgage, she bought it in cash before the relationship.BoRED S2upid said:
50/50 split I hope. As would be the case in a man woman marriage.
If you lived in a £1,000,000 house that you owned outright, and then later got married to someone with nothing, I wonder whether you would still be hoping that you spouse was entitled to a half a million quid jackpot from you should he/she decide there's a better offer on the horizon and wants out of the marriage? 
super7 said:
Is it not the case that assets before a marriage are not included in any divorce?
If the asset has subsequently increased in value since the marriage, then the other half is entitled to 50% of the increase in value, not the initial value at the time of marriage?
ETA.... Load of tosh..... very complicated bit of agro this!!
This would be better certainlyIf the asset has subsequently increased in value since the marriage, then the other half is entitled to 50% of the increase in value, not the initial value at the time of marriage?
ETA.... Load of tosh..... very complicated bit of agro this!!
Abdul Abulbul Amir said:
Would depend on the needs of each party and the length of the marriage. I would imagine at 10 years the negotiation starts from 50/50.
Not sure why anyone would want to get married, especially with uneven assets.
Because you don’t go into a marriage expecting to get divorced!Not sure why anyone would want to get married, especially with uneven assets.
Ari said:
If you lived in a £1,000,000 house that you owned outright, and then later got married to someone with nothing, I wonder whether you would still be hoping that you spouse was entitled to a half a million quid jackpot from you should he/she decide there's a better offer on the horizon and wants out of the marriage?
Exactly!!Especially when they work & you cannot anymore due to a disability.
ali_kat said:
Ari said:
If you lived in a £1,000,000 house that you owned outright, and then later got married to someone with nothing, I wonder whether you would still be hoping that you spouse was entitled to a half a million quid jackpot from you should he/she decide there's a better offer on the horizon and wants out of the marriage?
Exactly!!Especially when they work & you cannot anymore due to a disability.
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