Fair enough. I've worked in a solicitors practice before, and appreciate you've got to market yourselves like this to get the business. Very competitive area.
I didn’t know that I’ll have to look more into this, as for the daughter thing, i will actively encourage her never to get married and hopefully by the time she does pre nuptial agreements will be legal in this country.
You’ve obviously never been through a divorce and for that you’ll be eternally grateful believe me, whatever you may think, most of the time they get nasty especially when money comes into it. I’m on my second marriage and like most blokes they tend to marry to women younger than them second time round, usually this means they will have some better finances, if that all goes tits up then you can be in a world of hurt if you end up losing half that.I had a bit of that attitude when I met my wife. She had her own job own house, car etc as I did.
When we first started going out together we were both looking at up grading our houses separately which seemed a bit weird.
All joint expenses were shared in “proportion to salary” as I earned about 3x what she did.
Eventually I decided it wasn’t working as I kept forgetting to claim her share and I decided everything should be shared via the 1 pot
Weirdly since the arrangement all those years ago she has no bank card or cheque book and I just give her any cash she asks for
However if she ever decides she has had enough after 31 years we will just split our total assets down the middle.
She has no idea what we are worth so I have had to list everything down just in case anything happens to me
I would hate to feel she could not leave me for fear of financial insecurity so a pre nup was never going to be on the cards.
ye pal, the biggest influence is other parties stiking their noses in, take him/her to the cleaners etc, especially pensions, for me if youve put your money away properly and the other party has frttered theirs away, why should theybe allowed that, not that this has happened to me (yet) but to me its a morale thing and the law can piss off, unfortunately it doesnt.Your right B M . I haven’t and if I did, I am sureI would feel different. I used to carry out audits at firms of Solicitors to ensure they were complying with the rules. Client confidentiality was over ruled by what was then the Law Society so I had un hindered access to the client files. Murder cases were obviously the most interesting but the divorce files came a close second. Often they started with my theory of split down the middle, keep it simple, want a quick painless divorce etc. However once one of the party saw the other out enjoying themselves with their new partner the cases usually reverted to form. Arguments about money, unfaithfulness, access to the kids etc. So your right life is not normally a bed of roses in divorces.
And just about everything has gone up in price.Just had a look at my pension statement, now i knew it wasn't going to make good reading but it has dropped by £30k since January despite me putting in over £6k this year. I wouln't want to be setting out on retirement at the moment.
Pensions are a long game investment. You’re currently buying shares/investment cheap which will recover once the current turmoil subsides. It’s a problem if you want to retire within the next few years but if you are 7-10yrs away then you will be fine.Just had a look at my pension statement, now i knew it wasn't going to make good reading but it has dropped by £30k since January despite me putting in over £6k this year. I wouln't want to be setting out on retirement at the moment.
Funny you should say that. I’m no where near retirement age but I now have to WFH everyday now and I hate it with a passionI was 66 last week and I'm still happily working. My job involves driving around the UK visiting my customers and my bosses are in Germany. I like dealing with people and tbh most of my customers are friends plus I enjoy using the experience I have gained over 40 years in the industry I work in.
Financially I can finish tomorrow so I will keep going until I don't enjoy it or I can no longer do it.
Lockdown has reinforced my view that retirement isn't something I would enjoy.