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Giving Away Money Before Separation
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I am thinking of filing for separation or divorce (after over 30 years) but I gave away a large amount of money to a child six months ago tho help him to buy a house. The house is in my son's name now, so I do not own the money anymore. What will the law say about this? Will it mean that any split between me and my husband will take this into account? Would I be expected to go and live with my son and his family? Would my son have to sell the house and give me back the money? It had always been clear to my husband that any money I had was to be put towards our son's future.
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For more on marking an answer as the "Best Answer", please visit our FAQ.hmmm tricky one ... we need Judge J or Golden Shred .... are you allowed to 'give' someone a large gift of money like that .. . I thought there were restrictions. Anyway .. if it is now in your son's name and that has been done properly through the correct legal channels and is registered at the land registry then I do not see how it could be taken away. Plus the fact that if it is your son, between you, then surely he could not object or wish for it back ? I would say that the marital assets is what they are at the time of separation and not what has happened in the past, after all you yourself have not gained from it.
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