i have been officially separated(but not divorced )from my husband for 5 yrs and living separately. i own the marital home and have done so for years before i met my present husbnd not sure if that relevant but may be inheriting money from my mother..now dead.. and my father wants to know that this money and his money will go to me directly. my mother died a few weeks ago at age 93. my father is 88. he and i want to know how to safegaurd this money.neither of my parents wanted any of their money to go to my husband....and neither do i.
family home is only assett. bought by me in previous marriage 1977. agreement is when youngest child 18 we could sell house and divide profits. house value £325,000 mortgage £156,000.
to keep the children in their home i moved out. have paid mortgage,council tax,bills like water etc and all insurance. also£800 when 2 children. £600 when only my son.My son has now lived just with me for last 3 years. i continue to pay mortgage council tax and other bills.working is not one of my husband,s strong points.
summary; i have mortgage from which there will be some money if house sold.
i have about £75. in aviva shares.my husband has no assetts.
the only asset is the house£325000 with mortgage 156000. we have agreed to shareprofit if or when house is sold. no other money aprt from some debts.
we lived together 19 years. children 25 21 and 15. mortgage was repayment until i had to support 2 households. has been interest only for last 4 years. i have had mortgage initially since 1985 when i bought out my previous husband. i am the only mortgage payer. the reason for not divorcing is to allow my husband a pension should i predecease him. he is 47 and i am 59.this may be a wrong decision but he is not good at working and hopeless with money. i don't want to give my daughters the responsibility of supporting him. may inherit about £200,000
actually owned house since 1981
lived with husband from 1988 until2009
i have a pension of £48,000 a year.early retirement from nhs.
my husband has not worked for many years....he used to work as a teaching assistant. at present he is claiming sickness benefit for back problems.
happy to be divorced. married still so can help my eldest daughter deal with her fathers problems mostly financial. she knows the situation but feels if we divorce she will end up being responsible for her father. have tried explaining. i have no reason to divorce if remaining married provides some security for her.
seeing it written down makes me look like an idiot.
since 2012 i have continued to pay mortgage council tax water rates insurance etc at marital home tho my son has been livimg with me.
my daughter has been paying £450 a month rent............to my hsband directly. he continues to collect child benefit and child tax credit. .......