I was wondering about divorce.
Say the couple have a few investment properties, all in the husbands name. Both husband and wife are amicable and desire the properties to be in the wife's name in order to help support her. Problem is that she is unable to get finance to hold the properties in her own name.
The houses currently have little equity, although they are capital growth buys as they were only recently purchased.
What are the possibilities?
1. wife takes option on properties to have it sold to her in 10-15 years. during that time husband gets to claim on tax, so it is pretty neutral and slightly positive in a year or so.
2. sell properties (no-one wins)- actually lose money
3. put houses into trust of some description. joint venture type arrangement or possibly in the children's name.
4. Leave properties in husbands name and he can gift the money in future upon sale if he feels generous. (no guarantee)
any other options?
Say the couple have a few investment properties, all in the husbands name. Both husband and wife are amicable and desire the properties to be in the wife's name in order to help support her. Problem is that she is unable to get finance to hold the properties in her own name.
The houses currently have little equity, although they are capital growth buys as they were only recently purchased.
What are the possibilities?
1. wife takes option on properties to have it sold to her in 10-15 years. during that time husband gets to claim on tax, so it is pretty neutral and slightly positive in a year or so.
2. sell properties (no-one wins)- actually lose money
3. put houses into trust of some description. joint venture type arrangement or possibly in the children's name.
4. Leave properties in husbands name and he can gift the money in future upon sale if he feels generous. (no guarantee)
any other options?