protecting property investment against divorce
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Re: protecting proerty investment against divorce
I don't think that you can. The marriage contract means that all assets become assets in common as far as I know and, as discussed on another thread recently, pre-nuptial contracts have no legal standing and cannot abrogate statutory marriage related rights and obligations in Ireland.
I don't think that you can. The marriage contract means that all assets become assets in common as far as I know and, as discussed on another thread recently, pre-nuptial contracts have no legal standing and cannot abrogate statutory marriage related rights and obligations in Ireland.
DrMoriarty
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Re: protecting proerty investment against divorce
Spot trivia quiz: who was the FF goon who went on air at the time of the enactment of the new divorce legislation, muttering about how 'you'd go up the aisle with four acres and come back down with only two...'
Spot trivia quiz: who was the FF goon who went on air at the time of the enactment of the new divorce legislation, muttering about how 'you'd go up the aisle with four acres and come back down with only two...'
Re: protecting proerty investment against divorce
It's a terrible way to go into a marriage with thoughts of divorce and protecting one's assets.
A friend of mine recently transferred an investment property to his trusted brother prior to tying the knot just in case it went pear shaped.
It's a terrible way to go into a marriage with thoughts of divorce and protecting one's assets.
A friend of mine recently transferred an investment property to his trusted brother prior to tying the knot just in case it went pear shaped.
Re: protecting proerty investment against divorce
AFAIK, this is a very specialised area, and you really need to take professional legal advice on the matter via your solicitor. From what I know, the costs involved in setting these up are substantial.badabing said:
Re: protecting proerty investment against divorce
Very specialised and to be honest would probably involve off-shore dealings, as I imagine if you had beneficial entitlement to any asset in this country that would be taken into account when divvying up the assets! Or is there someone you trust moore than your intended who would happily relinquish the assets back to you?
I also think that in circumstances where a couple marry for a short time, continue with their current careers and in the absence of children, and where it can be shown that being in that relationship did not harm one career or improve the other career, then there would be very little redistribution of assets.
Very specialised and to be honest would probably involve off-shore dealings, as I imagine if you had beneficial entitlement to any asset in this country that would be taken into account when divvying up the assets! Or is there someone you trust moore than your intended who would happily relinquish the assets back to you?
I also think that in circumstances where a couple marry for a short time, continue with their current careers and in the absence of children, and where it can be shown that being in that relationship did not harm one career or improve the other career, then there would be very little redistribution of assets.
Re: protecting proerty investment against divorce
I doubt anyone goes into a marriage thinking they'll inevitably split up but in this day and age it's prudent to think about these things. A lot of marriages go pear shaped for one reason or another.
Personally, I think we should change the law in this regard. If you own an asset prior to marriage you should keep it. Assets that are built/bought during the marriage should be split.
Purple said:
I doubt anyone goes into a marriage thinking they'll inevitably split up but in this day and age it's prudent to think about these things. A lot of marriages go pear shaped for one reason or another.
Personally, I think we should change the law in this regard. If you own an asset prior to marriage you should keep it. Assets that are built/bought during the marriage should be split.
Re: protecting proerty investment against divorce
Maybe people should also apprise themselves of the legal/contractual issues involved in marriage too and not just think about the big day and the romance of it all? I reckon many people don't understand the implications of getting hitched.Gabriel said:
Personally I disagree and believe that once marriage is entered into then all assets should be pooled. Especially so if there are children involved. But obviously anybody who believes that the law should be changed is free to lobby/campaign for this to happen.
Re: protecting proerty investment against divorce
Children are a good point and (if I were making the decision) I'd say that the law would be amended again if children come into the equation.
Complicated issue though. I'm just not comfortable with the idea that some woman some day could take a chunk out of my millions!
ClubMan said:
Children are a good point and (if I were making the decision) I'd say that the law would be amended again if children come into the equation.
Complicated issue though. I'm just not comfortable with the idea that some woman some day could take a chunk out of my millions!
DrMoriarty
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Re: protecting proerty investment against divorce
If the lucky-woman-to-be claps eyes on this thread, she may take a chunk out of something else!Gabriel said:I'm just not comfortable with the idea that some woman some day could take a chunk out of my millions!