Husband wants to put all his pensions in trust for kids.

Consult a very good divorce lawyer now.

Hmm, just alter Will if planning divorce

Trouble is that if OP remarries the estate could end up with the new spouse and the kids end up with nothing. That's why interest in possession trusts (Will Trusts) are so popular, whereby the estate passes to the spouse for their use during their lifetime, but passed down to the children on the second death, thus maintaining the ultimate beneficiary and preventing a new spouse from inheriting "by the back door" so to speak.

I think that’s outrageous, if he goes first you should get everything and the kids should get what’s left after you pass.

You need to assume divorce is on the cards.

But also - you still have 15 years before state pension - your best course of action is to start saving as much of your earnings as possible into a private pension.

These days spousal maintenance is rare and if you've got older kids you won't get any child maintenance for long, so get as much saved as possible while you are living in the family home benefitting from his income for bills etc.

So firstly if he's looking at an asset preservation trust he is about 8 years out of date. ANYONE that recommends that is seriously missing the point on the pension freedoms legislation. If money passes to a trust on death the money is taxed on entry. It may carry a tax credit, but this is not as valuable as the money being 'whole' and is certainly detrimental were he to die before 75 tempting to kill the idiot but not yet
May I suggest that this is telling you something and it is time to secure your position with a form E and a move towards divorce.

He's certainly not behaving like a man who wants to restore trust following infidelity.

More like a man who's planning his next move.

His actions speak volumes here.

Sorry OP.

I am repeating myself but reading what has been posted I need to say this again:

Most DC pensions are set up as trusts already. You cannot just give it to someone else. You can nominate who you want to benefit in the event of your death. The provider will not look at your nomination until you die. They will normally follow your wishes but they have a duty to consider any financial dependants who can prove they were reliant on you, especially if you have remarried and had children since you submitted a nomination.

DB pensions are different, most of them will only pay a reduced amount to dependants and some nothing at all.

For good reason, it’s the law !
I assume you’re a man who needs to educate himself on this, lol !

This,OP.

This is what I thought of immediately when you mentioned your marriage is rocky.

He may be getting his ducks in a row before divorcing you.

Get legal advice asap.

I didn’t say she can block it, but that she shouldn’t agree to it.

If she makes it clear that she doesn’t agree to it and he still does it then he’s going against her wishes.

OP should get legal advice.

OP - you can of course go to a meeting with his Trust advisors. BUT they will only be telling you how the trust is set up. They won't be telling you anything about the implication of such trust on the marital assets and your position in divorce.
Your H may even offer you to become a Trustee. But it will not really change anything for you - you won't be able to access that money if you divorce.

I know you are in shock. I saw the same thing happen to a friend - and shock was her initial reaction. She quickly found a solicitor - who then sent her H a letter stating that she did not agree with moving family assets to a Trust. The letter could not stop it - of course. But it accelerated their rocky relationship to divorce within a short time and the money in the Trust were added back to family assets when they were dividing the money.

You are probably still in denial about your H intentions and you think that there is something to "understand" about this trust. But there is not. In a rocky relationship, with both of you still in your 50s - there is only one reason he is doing it. He is simply putting assets out of your reach, in case you divorce. I don't know if he is definitely planning to divorce - but he is certainly preparing for the worst case. (If you were super wealthy - with many properties and assets you wanted to pass on - then yes, setting up Trusts would have made sense. But that is not your situation)

Trouble is - once the trust is set up, he can add more of "his" money to the trust. You will have no transparency on anything. He does not have to tell you.
Not addressing this now - is quite risky for you.

So many women get blindsided by trusting that their Hs won't be cruel and will be fair in divorce. But many men, like your H - with "Big" jobs get to their 40-50s and decide that women who sacrificed careers to raise their children - do not deserve half of "their" hard earned assets. And they turn nasty. Like your H.

When I divorced 20 years ago my ex was a SAHF - my pension became part of the divorce calculations. All assets including pensions are on the table. You can end up with pension sharing agreements which have to be administered at some cost by the pension fund

No there is nothing anyone can do to force their spouse to name them or anyone else as their beneficiary of their pension on death.

I assume that he just means that he will put the children as beneficiaries of his defined contribution pension. This means that it will pass to his children outside of his estate to his children free of iht. It’s not otherwise possible to put a pension in a trust. Obviously they will only get something if he hasn’t spent all of his pension fund.

naming children as beneficiaries of a pension is fairly common and not necessarily a red flag in itself. I have named my daughters as beneficiaries for mine.

I’d also caution that a spouse’s pension is not automatically shared 50/50 with a spouse. There are lots of factors that determine this, so I would definitely recommend legal advice if you are thinking of leaving him.

i’m not entirely sure OP can stop this happening simply by not agreeing to it. It is his personal pension and ultimately he gets to decide who he names as the beneficiaries. I would be extremely surprised if he needs his wife’s permission to decide not to name her. I have an occupational pension and when I was naming beneficiaries my DH was not involved in any part of that process and that is how it should be.

in the event of a divorce, the settlement may address the issue of his pension and a judgment may be made in relation to it, possibly to OP’s benefit. But, as it stands, I don’t think OP can block anything he chooses to do now.

If he does this then you could delay the divorce and ringfence your rental and your share of the house into a similar trust for the kids. Then he wouldn’t get anything either.

Well, 40% end in divorce - and those are just the ones that end up on the rocks (rather than just being rocky) 🤷🏼‍♀️

Yes, pension funds count as an asset.

If you divorce him you could split his pension now I believe...

I'm really sorry to read that @messiejessie Are your kids still a priority above your own wellbeing?
Do you have any friends who have been through divorce lately that can recommend a solicitor even for a chat?
It's clear your husband is not giving you the full story re: finances and you need to know where you stand.

I'm sorry 💐.

Speak to a solicitor before you start thinking you can't afford to leave.

If you stay, you have none of his pension that he built up while you were/are a married couple in a legal partnership. If you leave, you will have some of his pension.

You can negotiate regarding your house. A divorce will be all about negotiation.

Havnt read all thread. My advice is get legal advice on the quiet. We jave recently redone our wills and changed how we own the house so my half automatically goes on trust as does my works life insurance for my children. That way if my husband remarried she can't get her hand on my half of everything. Obviously I can't stop him being stupid and signing his lot away but at least I know my boys will get something.

It does sound as if he's maybe hiding finances. I'd definitly seek advice.