I have a child in a marriage which is under considerable strain partly from financial difficulty paying the house mortgage. Shared mortgage payments .
I am in a position where I could offer a lump sum as a gift to one partner to assist in the mortgage repayments.
In the unfortunate circumstance of a marriage break up I will be grateful if anyone can advise me as to how my gift would be treated.
If the house should be sold, and profits divided between the partners , would the fact that one partner used my lump sum to assist in
mortgage payments be reflected in a larger share of the sale profits to that partner.
If anyone can advise me of a more secure way of making a gift I will be grateful.
I have not yet sought legal advice on this , but would be grateful if anyone can offer advice .
Thanks for all replies. nodo
I am in a position where I could offer a lump sum as a gift to one partner to assist in the mortgage repayments.
In the unfortunate circumstance of a marriage break up I will be grateful if anyone can advise me as to how my gift would be treated.
If the house should be sold, and profits divided between the partners , would the fact that one partner used my lump sum to assist in
mortgage payments be reflected in a larger share of the sale profits to that partner.
If anyone can advise me of a more secure way of making a gift I will be grateful.
I have not yet sought legal advice on this , but would be grateful if anyone can offer advice .
Thanks for all replies. nodo