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Hi,
currently own the house we live in and paid it off fully before we got married. I am putting £255k towards our next house which is £406k. My wife is not putting in a despoit but we will both pay the mortage 50/50.
As we are married and have a child would it be pointless getting a decelration of trust drawn up for worst case siutation as the marriage laws would override it to a starting point of 50/50? It would be a straightforward one deposit back and then 50/50 of everything else.
Would I be naive to not have one drawn up? I can not see us ever divorcing but everyone says that I guess!
Any advice on what to do in my siutation? What would others do? Just go for the joint tenants and hope for the best?
Purchased the house fully before marriage and children.
currently own the house we live in and paid it off fully before we got married. I am putting £255k towards our next house which is £406k. My wife is not putting in a despoit but we will both pay the mortage 50/50.
As we are married and have a child would it be pointless getting a decelration of trust drawn up for worst case siutation as the marriage laws would override it to a starting point of 50/50? It would be a straightforward one deposit back and then 50/50 of everything else.
Would I be naive to not have one drawn up? I can not see us ever divorcing but everyone says that I guess!
Any advice on what to do in my siutation? What would others do? Just go for the joint tenants and hope for the best?
Purchased the house fully before marriage and children.
