Past history of financially feckless ex and being dragged down with him. I'm now in full time work, financially solvent, own house with healthy equity and mortgage. I love the security of being in control of my finances.
I've been in a relationship for a few years and we plan to live together. He would move in with me. He has his own property and more equity than me. Plan would be for him to keep his own house and rent it out. We can't move into his property as its in a different county and schools, work etc won't work.
When he moves in we need to agree how we fund our joint living and he has suggested a joint account for household expenses which we both pay into. I'm happy with this but want to make sure my house doesn't become part of his just because he lives in it.
Do I still retain my independence? Do I need some legal document outlining the "no intention to share belongings in the event of a breakup" We both have children and wish to retain financial independence. If either dies we would be financially severed and our children immediately inherit
So romantic... We do want to live together but we don't wish to hand over our life savings to each other basically.
Any advice?
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Relationships
Financial arrangements for cohabiting. How can I stay safe
4 replies
ColdFeetinWinter · 03/01/2017 22:10
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