Theoretically at the moment (as daughter is still at school)…
We’ve been thinking ahead about helping our only child get on the property ladder when the time comes. Hopefully we will be in a position to put down 50% deposit and would rather help her at the start of her adult life rather than waiting for inheritance.
My worry is. What would happen if she married and subsequently divorced? How do we protect the assets?
I know this may seem a bit premature but I’d rather get it sorted before she even has a partner in mind. It then takes away any awkwardness that it’s about not trusting that particular person.
This is a genuine concern as my own extended family have all been divorced so I am probably hyper aware of financial implications of divorce. We are wanting to help our daughter have some financial security and don’t want our hard earned money being part of a (theoretical) divorce settlement.
Any advice would be greatly appreciated 😊