Hello Clare,matrimonial home worth approx. 320k,I have savings of 180k including an inheritance of 143k received August 2012. No debts, mortgage free.Wife earns approx. 30k p a,I have just retired and will pick up about 1400 per month. We have a son aged 20 at uni and a daughter age 14 who will be staying at home, wife has offered to buy her clothes.
She just wont,the flat will be in her name, the matrimonial home is in my name
She wants the flat in her name and says she will be satisfied with that. There will be no doubt who purchased the property as I will keep records of all bank transfers to her solicitors from me. In spite of everything I trust her on this issue.If she ever came back for more,this property will figure in the final equation anyway, but I'm sure she wont. so ,is it a good idea to go ahead on that basis just to get it sorted very quickly or am I being very reckless? haven't considered divorce yet.