OT - Couples and buying stuff together

DonDaddyD

Sewinman wrote:

According to what my dad has just been through (again) - you have to declare all global assets at divorce proceedings including bank account balances, regardless of whose name they are in. The judge decides how they are split. Your divorcee can come back at a later date if you have not declared all assets and demand more.

You would basically have to hide your assets for them to not be at least considered. Not a very nice way of conducting a marriage!

That's why you make em contribute to the purchase, preferrably half!

Nice guys finish _____. (clue: not first)

A gentlemen always "arrives" after the lady.

Bom chika wah wah!

NGale

DonDaddyD wrote:

A gentlemen always "arrives" after the lady.

Bom chika wah wah!

Yeah and like that happens in reality :roll:

Sewinman

Wow, Lits, you are in some kind of hard nosed ball breaker mood today!

I really don't think its an issue for you anyway, what with you being a girl. You won't be paying maintenance, or selling the house etc as they won't get custody. Just keep your bingo wins secret!

DonDaddyD

MonkeyMonster wrote:

So why no smut given we're talking about LiT's assets?

Her hair obviously - its insured for millions!

Too busy trying to find out who her beau is?

is it you!

Sure I'll find out at the chrimbo party.... may start a sweep stake...

rjsterry

lost_in_thought wrote:

Sewinman wrote:

lost_in_thought wrote:

DonDaddyD wrote:

lost_in_thought wrote:

And there I was empathising with Mrs DDD.

Finding yourself having to take the financial lead?

You strike me as the type not to be so willing to put your money into a single pot with Mr L_i_T.

Well, yes.

And it depends really, I've never had a joint account but it seeems like a logical idea for joint expenses. However, any large assets purchased with essentially my contribution would be protected from divorce proceedings.

According to what my dad has just been through (again) - you have to declare all global assets at divorce proceedings including bank account balances, regardless of whose name they are in. The judge decides how they are split. Your divorcee can come back at a later date if you have not declared all assets and demand more.

You would basically have to hide your assets for them to not be at least considered. Not a very nice way of conducting a marriage!

I never said it was nice.

Nice guys finish _____. (clue: not first)

If one trusts someone that little, then one shouldn't be marrying them. What would be the point?

lastant

TailWindHome wrote:

Is this the one where the mouse befriends the bulldog or is it the one where the mouse has a cousin in Mexico?

Genuine lol...

lost_in_thought

Sewinman wrote:

Wow, Lits, you are in some kind of hard nosed ball breaker mood today!

I really don't think its an issue for you anyway, what with you being a girl. You won't be paying maintenance, or selling the house etc as they won't get custody. Just keep your bingo wins secret!

Heehee nah, on the topic of marriage/cohabitation this is my general view, whichever day you ask me.

Yeah, I don't tell them about the bingo wins, they've all been crystallised( so to speak) anyway!

EDIT: and the concern is more where I'm bringing more in the way of assets to the party, or contributing more, or in the event of my untimely demise...

Sewinman

NGale wrote:

Sewinman wrote:

lost_in_thought wrote:

DonDaddyD wrote:

lost_in_thought wrote:

And there I was empathising with Mrs DDD.

Finding yourself having to take the financial lead?

You strike me as the type not to be so willing to put your money into a single pot with Mr L_i_T.

Well, yes.

And it depends really, I've never had a joint account but it seeems like a logical idea for joint expenses. However, any large assets purchased with essentially my contribution would be protected from divorce proceedings.

According to what my dad has just been through (again) - you have to declare all global assets at divorce proceedings including bank account balances, regardless of whose name they are in. The judge decides how they are split. Your divorcee can come back at a later date if you have not declared all assets and demand more.

You would basically have to hide your assets for them to not be at least considered. Not a very nice way of conducting a marriage!

Offshore bank accounts are the way to go it seems :roll:

He tried that!

DonDaddyD

NGale wrote:

DonDaddyD wrote:

A gentlemen always "arrives" after the lady.

Bom chika wah wah!

Yeah and like that happens in reality :roll:

Well if it takes the breaking of a bed, its your own damn fault for being so stubborn!?

Was this pre or post mint tingle?

lost_in_thought

Sewinman wrote:

NGale wrote:

Sewinman wrote:

lost_in_thought wrote:

DonDaddyD wrote:

lost_in_thought wrote:

And there I was empathising with Mrs DDD.

Finding yourself having to take the financial lead?

You strike me as the type not to be so willing to put your money into a single pot with Mr L_i_T.

Well, yes.

And it depends really, I've never had a joint account but it seeems like a logical idea for joint expenses. However, any large assets purchased with essentially my contribution would be protected from divorce proceedings.

According to what my dad has just been through (again) - you have to declare all global assets at divorce proceedings including bank account balances, regardless of whose name they are in. The judge decides how they are split. Your divorcee can come back at a later date if you have not declared all assets and demand more.

You would basically have to hide your assets for them to not be at least considered. Not a very nice way of conducting a marriage!

Offshore bank accounts are the way to go it seems :roll:

He tried that!

Yeah, they don't work. Ask my sister.

NGale

Sewinman wrote:

NGale wrote:

Sewinman wrote:

lost_in_thought wrote:

DonDaddyD wrote:

lost_in_thought wrote:

And there I was empathising with Mrs DDD.

Finding yourself having to take the financial lead?

You strike me as the type not to be so willing to put your money into a single pot with Mr L_i_T.

Well, yes.

And it depends really, I've never had a joint account but it seeems like a logical idea for joint expenses. However, any large assets purchased with essentially my contribution would be protected from divorce proceedings.

According to what my dad has just been through (again) - you have to declare all global assets at divorce proceedings including bank account balances, regardless of whose name they are in. The judge decides how they are split. Your divorcee can come back at a later date if you have not declared all assets and demand more.

You would basically have to hide your assets for them to not be at least considered. Not a very nice way of conducting a marriage!

Offshore bank accounts are the way to go it seems :roll:

He tried that!

Switzerland it seems is best, failing that being part of a very rich family with friends in the right places and an old school tie.

lost_in_thought

Swiss Secrets laws will only get you so far...

NGale

DonDaddyD wrote:

NGale wrote:

DonDaddyD wrote:

A gentlemen always "arrives" after the lady.

Bom chika wah wah!

Yeah and like that happens in reality :roll:

Well if it takes the breaking of a bed, its your own damn fault for being so stubborn!?

Was this pre or post mint tingle?

greg66_tri_v2.0

Sewinman wrote:

Wow, Lits, you are in some kind of hard nosed ball breaker mood today!

I really don't think its an issue for you anyway, what with you being a girl. You won't be paying maintenance, or selling the house etc as they won't get custody. Just keep your bingo wins secret!

Hmm.

I know a woman who got to keep the kids, sell the house, and pay maintenance to her former spouse.

lost_in_thought

Greg66 wrote:

Sewinman wrote:

Wow, Lits, you are in some kind of hard nosed ball breaker mood today!

I really don't think its an issue for you anyway, what with you being a girl. You won't be paying maintenance, or selling the house etc as they won't get custody. Just keep your bingo wins secret!

Hmm.

I know a woman who got to keep the kids, sell the house, and pay maintenance to her former spouse.

Yeah, that's my fear.

NGale

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

It worked for him in his instance. Any really good lawyer would have fought all the way, but then she didn't have the money for a really good lawyer. She was also slightly limited in the fact she had been the one to commit the adultry which by all accounts limits what she could try and get

greg66_tri_v2.0

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

greg66_tri_v2.0

lost_in_thought wrote:

Greg66 wrote:

Sewinman wrote:

Wow, Lits, you are in some kind of hard nosed ball breaker mood today!

I really don't think its an issue for you anyway, what with you being a girl. You won't be paying maintenance, or selling the house etc as they won't get custody. Just keep your bingo wins secret!

Hmm.

I know a woman who got to keep the kids, sell the house, and pay maintenance to her former spouse.

Yeah, that's my fear.

You don't need to worry. That woman is really successful.

(oh, it's just too easy to knock those ones right out of the stadium... )

rjsterry

So you've hidden this stuff away so nobody can find it. Presumably you can't spend it or someone will realise and the game's up, so remind me what the point is.

Just a thought, but if you do have children, all these assets from either party could be put into trust for the children, then the kids are set up nicely, and neither parent has any major assets worth fighting over. Probably some major issue I've overlooked, bu you wouldn't need to hide anything then.

bigmat

I thought pre-nups weren't worth sh*t in this country? Quite right too, nobody makes you get married (well not usually anyway...)

jonginge

Greg66 wrote:

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

You work in The Firm, Greg?

DonDaddyD

All this talk of Divorce is making me

All I wanted is for Ms DDD to help pay for some things a bit more.

I'm now going to have to buy her something... thanks!

greg66_tri_v2.0

rjsterry wrote:

So you've hidden this stuff away so nobody can find it. Presumably you can't spend it or someone will realise and the game's up, so remind me what the point is.

Just a thought, but if you do have children, all these assets from either party could be put into trust for the children, then the kids are set up nicely, and neither parent has any major assets worth fighting over. Probably some major issue I've overlooked, bu you wouldn't need to hide anything then.

The reality is that 99.99% of people need their assets day to day to support the lifestyles that they choose to lead. The notion of having enough spare to be worth hiding doesn't arise until you get to a pretty rarefied level of wealth.

lost_in_thought

Greg66 wrote:

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

ORLY? Now that's something I've never heard of before...

greg66_tri_v2.0

JonGinge wrote:

Greg66 wrote:

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

You work in The Firm, Greg?

Let's just say I know a guy, who knows a guy.

Y'know?

spen666

DonDaddyD wrote:

All this talk of Divorce is making me

All I wanted is for Ms DDD to help pay for some things a bit more.

I'm now going to have to buy her something... thanks!

Ditch her and buy yourself a new bike every six months with the money you have saved.

Sewinman

Greg66 wrote:

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

Or you could go low tech and get a deposit box and fill it full of bearer bonds.

jonginge

Greg66 wrote:

JonGinge wrote:

Greg66 wrote:

lost_in_thought wrote:

Swiss Secrets laws will only get you so far...

Meh.

You want to be a beneficiary of a discretionary trust, where the trustees are a couple of BVI or Cayman corporate trustees, with corporate directors incorporated somewhere like Panama. Make the shareholders some more trustees. Nothing belongs to you, but everyone takes your words as gospel.

So I've heard...

You work in The Firm, Greg?

Let's just say I know a guy, who knows a guy.

Y'know?

capiche

rjsterry

Greg66 wrote:

rjsterry wrote:

So you've hidden this stuff away so nobody can find it. Presumably you can't spend it or someone will realise and the game's up, so remind me what the point is.

Just a thought, but if you do have children, all these assets from either party could be put into trust for the children, then the kids are set up nicely, and neither parent has any major assets worth fighting over. Probably some major issue I've overlooked, bu you wouldn't need to hide anything then.

The reality is that 99.99% of people need their assets day to day to support the lifestyles that they choose to lead. The notion of having enough spare to be worth hiding doesn't arise until you get to a pretty rarefied level of wealth.

Well quite. I imagine, for most, the only significant asset is the house, which is jointly owned anyway. It's not worth getting a lawyer involved over a couple of ISAs and a National Savings account.

DonDaddyD

Greg66 wrote:

rjsterry wrote:

So you've hidden this stuff away so nobody can find it. Presumably you can't spend it or someone will realise and the game's up, so remind me what the point is.

Just a thought, but if you do have children, all these assets from either party could be put into trust for the children, then the kids are set up nicely, and neither parent has any major assets worth fighting over. Probably some major issue I've overlooked, bu you wouldn't need to hide anything then.

The reality is that 99.99% of people need their assets day to day to support the lifestyles that they choose to lead. The notion of having enough spare to be worth hiding doesn't arise until you get to a pretty rarefied level of wealth.

When you get to that level people go to far reaching lengths to try and claim, steal or usurp your hard earned wealth. Happened to my Grandad.

I think this is why, in western society mostly, people try and go out with, marry, date people of similar social, moral, professional standing. I could be wrong - it isn't something I would subscribe to.