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Marriage - protecting pre-marrital assets

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Marriage - protecting pre-marrital assets

Old 30th Apr 2019, 03:06
  #21 (permalink)  
 
Join Date: Aug 2009
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Originally Posted by racedo View Post
Why are you getting married ?

This is one that needs answering.
racedo nailed it. (A rare agreement between us, shall I mark the calendar in red?)

For the OP:
1. To protect your critical marriage assets, wear a cup.
2. If this is your state of mind before marriage,

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Old 30th Apr 2019, 04:59
  #22 (permalink)  
 
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Originally Posted by Lonewolf_50 View Post
racedo nailed it. (A rare agreement between us, shall I mark the calendar in red?)
Cynical sod.
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Old 30th Apr 2019, 05:59
  #23 (permalink)  
 
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Fishy.

So, a guy registers and posts for the first time to ask a question which he must surely have been able to predict the answers to and then makes no further contributions?

I think we’re being played.

If that is not the case then I have two observations.

1. For the love of God do not get married if this is your thought process.

2. I find it very distasteful when people ‘flash the cash’ like this. You could have just stated it was a sizeable sum. Telling everyone how much money you have makes you look like a nob IMHO.

You are perfectly at liberty to ignore my statements if you wish.

BV
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Old 30th Apr 2019, 07:42
  #24 (permalink)  
I don't own this space under my name. I should have leased it while I still could
 
Join Date: Dec 2002
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£600k in net assets
partner has about £5k in net assets
cohabiting when I had about £85k in a bank account

So that bank account that had £85k in when cohabitation began has become 'mingled' and will be treated as a shared marrital asset in the event of divorce.
BV, you could be right though the tight wad has saved himself £650 for impartial advice.

Besides his spelling and odd use of words, he doesn't realise the pot is £600k not £85k.


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Old 30th Apr 2019, 08:23
  #25 (permalink)  
 
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Originally Posted by Pontius Navigator View Post
BV, you could be right though the tight wad has saved himself £650 for impartial advice.
We can only hope we have saved his intended wife and future kids from a life of misery with our impartial advice.

Will he be back?
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Old 30th Apr 2019, 08:58
  #26 (permalink)  
 
Join Date: Nov 2018
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I have had the misfortune to encounter a raving narcissist, and noted his desire to hide his money and assets from any scrutiny by "partners", "girlfriends", "wives", lawyers and the authorities. He could not understand why his wife of several years, a) would not forgive him for his gigolo antics, and b) why she wanted everything. Money, assets, the kids, to his maximum embarrassment, after all, "he couldn't help it if he could "love" more than one woman at once". How could she be so deceitful by keeping notes of all of his accounts, and collecting photographic evidence from her friends who were telling her that he was up to no good. The "partner" ought be first out of the gate and ahead of the field, and still going strong.

I doubt that he will be back, the impartial advice here might just be too close to the bone.

IG
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Old 30th Apr 2019, 10:03
  #27 (permalink)  
 
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Originally Posted by Bob Viking View Post
[left]So, a guy registers and posts for the first time to ask a question which he must surely have been able to predict the answers to and then makes no further contributions?
]
Nope

He is a regular who stated he didn't want to hang out his personal linen in public so posed it under a Nom de Plume.
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Old 30th Apr 2019, 10:06
  #28 (permalink)  
 
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Racedo

My apologies. I read that differently to you. If you know better then I apologise. I still think it off that he hasn’t replied in any way.

BV
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Old 30th Apr 2019, 10:08
  #29 (permalink)  
 
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Originally Posted by Bob Viking View Post
My apologies. I read that differently to you. If you know better then I apologise. I still think it off that he hasn’t replied in any way.

BV
I could be wrong but took it he a regular by his open admission of creating a new account and nope I have no better info on him than what was posted.
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Old 30th Apr 2019, 10:19
  #30 (permalink)  
 
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Muslims are supposed to make a pilgrimage to Mecca once in their life time.
Similarly every single white male should make a pilgrimage to Angeles city or Pattaya...at least you know your fallback position when it turns to shit 🤣
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Old 30th Apr 2019, 10:24
  #31 (permalink)  
 
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No 1 son married a Dutch lady who was a divorcee, and settled in Delft. Neither bought huge sums to the marriage, but nevertheless they had a pre-nup. When I expressed surprise son told me it was quite common in The Netherlands even among "ordinary" people. Anyway they have just celebrated their "twelve and a halfth" anniversary, which for some reason is a thing in The Netherlands, so they haven't had to test the pre-nup yet!
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Old 30th Apr 2019, 11:13
  #32 (permalink)  
 
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Bit of a downer for many and some of the gloss on Romeo would come off early for bringing it up, but its not a bad idea to write a prenup if worried beforehand. Its only going to be needed in case of a divorce anyway and then one issue less to argue over as well so things may even go smoother... hope its not going to be needed.
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Old 30th Apr 2019, 12:29
  #33 (permalink)  
 
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All things aside .On a per root basis it probably cost who was the wealthiest person in the world millions per root. Call me a miser but quantity over quality works.
nothing like halving your wealth and making the better half one of the richest women in the world
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Old 30th Apr 2019, 12:42
  #34 (permalink)  
 
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Simple, if you send it on to me I will transfer it over to a Nigerian princess I know, this will enable her to free up $250 million that her late father had secured in the Nigerian National Bank and she will then transfer $100 million to me which I will stash in the Cayman Islands and split with you...


What could possibly go wrong.


BTW I do think you are taking the sensible route.
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Old 30th Apr 2019, 14:09
  #35 (permalink)  
 
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You are clearly not ready and not prepared to make the sacrifice that marriage demands - or you are both unsuited for each other. Don’t get married until you are prepared to share, and until you truly believe that you each bring a roughly equal contribution to the marriage - which, by the way, does not necessarily mean the amount of money you each have.
Good advice, as marriage should be a melding of two into one, although Oscar Wilde did have a scarily accurate opinion as well!! However, these days, in general terms people's characters are not what they once were in previous generations and it is my observation that through life being easier, social media taunting feeble minds with all sorts of 'things' they think they should have through feelings of entitlement, 'we' tend to think of ourselves first and not our partner and/or offspring making marriage less meaningful to what it once was. It's too easy to hop off the bus when things get hard or not going the way the fairy story was meant to. Bearing these things in mind and that the OP is male, his feelings of trepidation might not be without merit considering the many court cases for divorce that strip the man of most of his 'half' of the marriage. I know a chap who had 10% equity to his wife's 90% and sadly when they divorced at her behest, he was vilified by all and sundry for wanting half as per the law, yet it's expected in the many other divorce cases where the balance is the other way. I'd say for the OP maybe choose another life partner, if possible someone with more assets, so as to alleviate any feelings of being taken to the cleaners in the future.
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Old 30th Apr 2019, 14:19
  #36 (permalink)  
 
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Be prepared to lose nearly everything.

i’mjustanotheruser

Many of those so far proffering advice are lucky enough to be in long term stable marriages (for now).
Around 42% of marriages in the U.K. end in divorce. U.K. divorce laws are disproportionately weighted towards the mother as she will, in nearly all cases get custody. If you have children and then divorce you will almost certainly lose nearly everything whether you were at fault or not. You need to get legal advice to determine if “pre-nups” are legally recognised in the U.K.
If you marry in England and have children, you are effectively taking a gamble where the odds are 42% that you, the man will lose your house and almost all your assets.
‘You’ve got to ask yourself one question, “Do I feel lucky?”. Well do ya punk?’ 😎
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Old 30th Apr 2019, 18:56
  #37 (permalink)  
 
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Although we are supposed to be equal, I still think the woman gets the better share of the assets upon divorce.

Which begs the question, if a lesbian couple divorce, how do they both get 75% of everything?....
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Old 30th Apr 2019, 19:18
  #38 (permalink)  
 
Join Date: Jun 2009
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UK law makes it incredibly difficult to draw up an enforceable Pre-Nup agreement. Very Very complex

If you are determined to get married the right lawyers advice (Matrimonial and Divorce expert) will be the best investment you ever make.

My 5p (Don't knock it - it's what I'm left with !)
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Old 30th Apr 2019, 20:51
  #39 (permalink)  
 
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Originally Posted by LeftBlank View Post
‘You’ve got to ask yourself one question, “Do I feel lucky?”. Well do ya punk?’ 😎
A fair number of us here are amateur pilots. We know the statistics. We ask ourselves the same question.

But ... we cheat. We don't take off without enough fuel. We don't take off when we can't cope with the weather. We don't do aeros at 200' above the girlfriend's house. We don't take off overweight. We choose whom to rent from by quality of maintenance, not by price. Sure, it might still kill us, for any number of less likely reasons, but we're lots better off than the headline statistic suggests.

There are, similarly, ways of cheating the 42% number. You could get married at 36 rather than 16. You could refrain from marrying a divorcee (although I have known some such marriages work out fine - we're only playing stats here). And so on and so on. One way of cheating would be to avoid marrying someone we're so unsure about that we're thinking about prenups (not that they have any validity in the UK) before even getting married.
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Old 30th Apr 2019, 21:38
  #40 (permalink)  
Está servira para distraerle.
 
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One of my marriages took place in South Africa a while ago or so.
Under South African law you had to marry either in or out of Community of Property. You couldn't get married without one or the other. We had a prenuptial contract drawn up outside of Community of Property and my wife got SAR5,000 with of kitchen equipment. That's about £250 in today's money although it was a bit more then. So the moral of the story is to make sure that you get married in a country where you can't get married unless you have a contract.
Some US states hold to community of property as a marriage default so contracting out of that default prior to marriage might see you out of that particular pickle pen. Otherwise, Cape Town and a decent lawyer should do the trick.
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