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Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Money and new partner

449 replies

Mevawall · 06/10/2023 10:49

Hi all,

NC as I have friends who use MN.

To cut a long story short my husband and I separated around a year ago, it was my choice after many months of soul searching and realising there wasn’t a way back for us and whilst he felt shocked at first we’re amicable now and are in the process of divorcing properly, though currently still living together as finding a local property to rent right now is horrendous.
Neither of us have any shared financial obligations (house, car, loans etc) just two small children who we’ve always agreed we will share 50/50 custody, decisions and arrangements for so we don’t expect any formal financial arrangement for maintenance or set days and weeks.

The house is in my husbands name as it was a gift from his grandmother so I will be moving out, and I don’t want any money from it as it was a gift to him and will one day be our children’s inheritance. He has has agreed to give me a small sum of money after remortgaging the house to get started in a new home with, which is very nice of him and will come in handy for fees and deposits.

Now, I met a new partner about 8 months ago, we’re LD at the moment as he’s based in the States, but he is applying to move here for early next year.
He’s absolutely amazing, everything I have wanted in a life partner and he feels the same way. He’s just brilliant, and as he has no obligations tying his to the US has said he will move here happily which has made things decidedly easier.
Financially he earns a good salary, can work remote and has gotten permission to do so from his employer, so he’s just working out the legalities of working when coming to the U.K and the dual tax system. He’s just sold his home over there in preparation to coming here as well as his other belongings and is now just renting until his visa comes through.
Yes, it’s been a bit of a whirlwind romance, but we’re both very sure this is what we want going forwards. Not here looking for a “ITS ONLY BEEN 8 MONTHS!” As yes, I can count. 😂

Last week he told me he wants to open a joint account in the U.S and then eventually I can do the same here in the U.K when he arrives so I can access his money and pool mine, that way we can buy a house here rather than me renting for a year whilst all things settle.
In his eyes renting isn’t worth it when I can handle all of the legalities of paying for it outright here with the money from the sale of his house, and that way I don’t have to worry about having to move out if given notice before he arrives.
He also added that the joint account means he wouldn’t need to worry about transferring money to me in future for buying things such as furniture or paying for household repairs, as transferring money has been an issue previously when we were booking a holiday together and we had to jump through hoops with my bank to ensure the money arrived properly.

Am I going a bit mad to think this is crazy? We love one another, I really don’t care about how much money he has and certainly won’t be going on any spending sprees. We have also both discussed marrying in a year or so once my divorce is finalised so will end up us both sharing assets anyway then.
As long as my children have two happy homes, my ex and I co-parent well and my partner is here with me, that’s all I care about.
I work and can support myself and my children independently (work is something I wouldn’t ever give up and he is very supportive with my development) though I’ll never be able to buy a house, but that side of things isn’t a huge issue to me and I’m happy to rent long-term.

Its a strange one as I know if I told friends they’d think I’d lost my mind but as I don’t have anything to financially lose they’d tell me it’s all ok, but is it? Am I not seeing a potential downside of this? He open with finances, he’s not a huge spender and has a reliable income as well as stocks, shares and investments, so can anyone tell me if I’m feeling this way for no reason please?

TIA!

OP posts:
MrsDanversGlidesAgain · 06/10/2023 15:13

The IRS takes no prisoners

'Do not fuck with the feds.' Wise advice in any country.

Sumtimesiamgreen · 06/10/2023 15:14

Jesus H Christ please stop being naive!
wait until he is settled here and thereby actually available. See if he can manage alone. That is far more attractive than some love story of LD love.
no no no no wait woman for him to be ready and available. This says scam scam scam, men prey on women who love to love.

Crikeyalmighty · 06/10/2023 15:14

I don't necessarily think it's scam of any kind, but I do think it would foolish to do- You need to be seeing him most days for a year first and see him around your children too. Please don't rush in post divorce, I did this and for 8 months all was good and I spent the next 3 years working out how to get away from him - it's really not the same when seeing them is like a holiday as it is living with them with children, bills, habits, varying moods, you just are seeing their front face- not the rear one.

Stravaig · 06/10/2023 15:20

Back to basics, OP. Focus on factual reality.

You are still married, and still sharing a home with your 'separated' husband.

How many days have you spent physically together with this man you are calling your 'absolutely amazing' 'everything I have wanted' 'new partner'? The exact number of days. That is how old your relationship actually is.

Even that's not true, because what little time you have spent together has been outside of reality, on holiday visits, in a loved-up bubble.

So, how many of the days/hours that you have been physically present with this man have been spent in your real lives, and your real homes, with your children and friends and wider family? That's right. Zero. That is the blunt truth of what you have. Nothing. You are living in a fantasy.

MoreThanEnoughSoFar · 06/10/2023 15:32

Last week he told me he wants to open a joint account in the U.S and then eventually I can do the same here in the U.K when he arrives so I can access his money and pool mine

8 months love bombing.
Let's open a joint account.
I mean.

I mean anybody could be a serial killer or pedo I guess, where do you draw the line?

Money and new partner
Cryojeenic · 06/10/2023 15:34

beatrix1234 · 06/10/2023 15:08

@Lorieandrews if he’s doing that to 20 women….

I was about to say that but then I saw your post. He’s probably “buying a house” with several women in the UK.

The lump sum is from her STBXH, not this guy in the states.

Venturini · 06/10/2023 15:41

Flyingalone · 06/10/2023 11:31

You open a joint account he takes a $300k loan on it. He breaks up with you.

You personally will have to pay back half of it.

I don’t understand how this even had to be spelled out to you OP. The possible implications are fucking HUGE. Don’t do it.

Anybridget7 · 06/10/2023 15:41

Is 8k the lump sum from your divorce?
Stop walking around with your eyes closed. Get your fair share of marital assets.
Do not associate yourself financially to this guy in US. For heaven sake, wake up.

MrsDanversGlidesAgain · 06/10/2023 15:43

Anybridget7 · 06/10/2023 15:41

Is 8k the lump sum from your divorce?
Stop walking around with your eyes closed. Get your fair share of marital assets.
Do not associate yourself financially to this guy in US. For heaven sake, wake up.

It's OK, she has seen his bank account. She can trust him.

Lentilweaver · 06/10/2023 15:44

The last 3 posts I have read on here are about women being scammed by their "soul mates."

Venturini · 06/10/2023 15:47

MoreThanEnoughSoFar · 06/10/2023 15:32

Last week he told me he wants to open a joint account in the U.S and then eventually I can do the same here in the U.K when he arrives so I can access his money and pool mine

8 months love bombing.
Let's open a joint account.
I mean.

I mean anybody could be a serial killer or pedo I guess, where do you draw the line?

This right here. It’s beyond parody.

IMustDoMoreExercise · 06/10/2023 15:47

Mevawall · 06/10/2023 11:13

Can you elaborate on how it is a scam? I don’t have anything to give, I’m not sure how I can be scammed tbh or how it’s unsafe. The children will always have a base with their father, I’m unsure how this differs from any other new relationship bar the distance which is currently unavoidable.

Don't open a joint account with him. That will tie you together financillay and his credit rating will affect yours.

Jet0301 · 06/10/2023 15:50

I’m actually shocked at how rude some of these replies are! I actually feel like some of the responses are really helpful in regards to taking it slowly and not putting your name on anything joint but to insinuate that you’re not looking out for your kids is just awful!

Im sorry but what would be the difference here than if your other half was in the UK? I bet you wouldn’t get half the response you have now!

It sounds like you were living a single life before your marriage ended so i don’t believe you’ve jumped into anything too quickly at all, and life is too short, there’s no rule book on these things!

I think just be sensible, look at all the facts you’ve got and be careful financially that’s it!

Good luck with it all OP

PomPomChatton · 06/10/2023 16:02

Apologies if it's already been suggested as I got tired of scrolling. Get yourself a Wise or Revolut account and then he can transfer money easily to you and as a bonus you avoid all the fx charges from your bank.

I hope it works out for you.

Chipperfish · 06/10/2023 16:02

Have you looked properly into the tax implications of any joint account with a US citizen? Even as an Ex pat in the UK he has to pay US taxes and declare all income and accounts held there to the IRS in the United States. So you may find yourself obliged to pay US taxes on any money that you have earned, paid UK tax on and then held in this joint account.
I think it might be worth researching before you come to any decisions over financial matters in either country

JANEY205 · 06/10/2023 16:16

INSANE. You poor kids. And as a Brit with an American husband it was basically IMPOSSIBLE to add him to my bank account as a joint holder, he had to open his own (yes he was working in the UK and we were married). It’s also taken forever to get me added to the US accounts. Nobody will put him on a UK mortgage just like that and as a non citizen. This is truly so crazy and weird that he’s moving to the UK. You don’t know him! It costs a fortune to convert dollars to pounds so there’s so many holes in your plans already. Very selfish when your kids don’t know this weirdo who is oh so ready to move countries when you e met a few times?! Just no.

Fupoffyagrasshole · 06/10/2023 16:19

sorry but its 2023 - i don't understand the problem sending each other money for hollidays and stuff that happened before - there are heaps of eays to transfer money Revolut / monzo / transferwise so i'm not buying it that this is a good enough reason to have a joint account

sending money via normal bank transfer from another country is stupid anyway as you get shit exchange rates and bank charges etc

something not right about this whole thing unfortunately and think you need to calm down a bit

JANEY205 · 06/10/2023 16:19

Wake up, you cannot be on a joint US account. I only got added once I had my own social security number and was married and LIVED IN America. He’s selling you lies. Don’t pool anything and don’t live with him. Seriously OP be careful here.

FoxtrotOscarFoxtrotOscar · 06/10/2023 16:20

You have NO IDEA of his real financial situation.
This is insane.

Blueglazzier · 06/10/2023 16:21

Think twice please

jammyhand · 06/10/2023 16:26

This reply has been withdrawn

This message has been withdrawn at the poster's request

LouH21 · 06/10/2023 16:44

This screams lovebombing! Be careful!

Tinklyheadtilt · 06/10/2023 16:44

8 months! Jesus, think of your kids and don't be so selfish.

Butterkist8 · 06/10/2023 16:49

He's pushing for a joint account because it makes life easier for him. Yes.

But why?

Will immigration be asking him how he can support himself whilst here?

I can smell a few of these...🐀🐀🐀🐀

Milliondollars · 06/10/2023 17:21

If pps are right that you can’t be on a joint account in the US, beware if he asks you for money that he can put into his own account.

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