Originally posted by contractor79
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How to avoid ruin due to broken marriage?
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Half your assets therefore half your shares.Originally posted by contractor79 View PostDo wives have claim on half your company even if they're not a shareholder?
Honestly, just DON'T get married.
You could try spiriting money off-shore. But do this a long time before you get divorced. It may be untraceable. (??) Maybe.Comment
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Do what I do - make sure she has control of everything when you get married. Then if you split up, there's no difference to you.
Oh yes, and the other thing is to not split up. That saves you a fortune.Down with racism. Long live miscegenation!Comment
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Damn right, me neither! If you put money before love, even when you're in love, then you deserve neither.Originally posted by Churchill View PostLove is something you can't plan for.
You just take a leap and hope it works.
I'm divorced, will it stop me from wanting to get married again and trying for kids?
Nope, it won't.
Make the best of it boys and girls, it's only money and contrary to popular belief, you can't take it with you.Comment
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tis true. but you also have to ask the motivation of the person you are in love with - if there is a mismatch of money. it has been known for men and women to fake love - and not just for money. take the case of a homosexual man who wants to be married for respectability. it is v v unfair - but it does happen.Originally posted by expat View PostDamn right, me neither! If you put money before love, even when you're in love, then you deserve neither.Comment
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A female friend of ours inherited a country estate (c. £1.5M) from her parents. She befriended a pennyless bloke after her parents died, who moved in with her and helped her look after the place. After a couple of years she agreed to marry him. Even though the house is still in her name, her solicitor has advised her that it would probably have to be sold to pay him off if they ever got divorced.
She now appreciates the significance of the marriage vows for richer, for poorer, for better, for worse...
However, he seems quite happy!Comment
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Are they still together? Do they love each other?Originally posted by DonkeyRhubarb View PostA female friend of ours inherited a country estate (c. £1.5M) from her parents. She befriended a pennyless bloke after her parents died, who moved in with her and helped her look after the place. After a couple of years she agreed to marry him. Even though the house is still in her name, her solicitor has advised her that it would probably have to be sold to pay him off if they ever got divorced.
She now appreciates the significance of the marriage vows for richer, for poorer, for better, for worse...
However, he seems quite happy!Comment
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They are still together but the relationship has deteriorated in the 18 months since they got married. She was living at home with her parents and felt lonely and vulnerable after they died. Initially I think she was just glad to have some company and it came as a complete surprise to everyone when they announced that they'd got married. Unfortunately, I think she assumed that because the house was in her name then it still belonged to her.Originally posted by Churchill View PostAre they still together? Do they love each other?
I don't know how much he would be entitled to in a settlement but since she has no savings or other assets to pay him off, she would probably be forced to sell the family home.
Not a good situation.Comment
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Originally posted by DonkeyRhubarb View PostUnfortunately, I think she assumed that because the house was in her name then it still belonged to her.
How long marriage? Any children? Starting point is White vs White (2000) which is 50%...Originally posted by DonkeyRhubarb View PostI don't know how much he would be entitled to in a settlement but since she has no savings or other assets to pay him off, she would probably be forced to sell the family home.Comment
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oppps - you did say 18 months - so I assume no children? In that case I reckon more like 30-40%. If over 7 years it would be 50%...Originally posted by BrilloPad View Post
How long marriage? Any children? Starting point is White vs White (2000) which is 50%...Comment
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