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Forming a company for all my assets

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    Forming a company for all my assets

    I'm thinking of registering a company and putting everything through that:

    .Investment properties I will buy in 2008
    .Shares I will buy in 2008
    .Any assets going forward

    My reasons for doing this are:

    . Pay less tax
    . Avoid losing half of my assets if I marry and later get divorced

    Is this a reasonable plan? Especially the marriage bit. If i'm technically only an employee/director/(?) of the company, and the company owns the assets - will she be able to get 'er 'ands on them in a divorce?

    #2
    Originally posted by aussielong View Post
    Avoid losing half of my assets if I marry and later get divorced
    No, but you could lose 50% of the company.

    Comment


      #3
      Originally posted by aussielong View Post
      I'm thinking of registering a company and putting everything through that:

      .Investment properties I will buy in 2008
      .Shares I will buy in 2008
      .Any assets going forward

      My reasons for doing this are:

      . Pay less tax
      . Avoid losing half of my assets if I marry and later get divorced

      Is this a reasonable plan? Especially the marriage bit. If i'm technically only an employee/director/(?) of the company, and the company owns the assets - will she be able to get 'er 'ands on them in a divorce?
      Why not just avoid marriage anyway?

      Far simpler and cheaper. Use call girls for sex and stay single.

      HTH

      Comment


        #4
        Or just draw up a pre nup?
        It's about time I changed this sig...

        Comment


          #5
          Originally posted by MrRobin View Post
          Or just draw up a pre nup?
          Pre-nups have no legal power in the UK.

          Comment


            #6
            Pre-nups have no legal power in the UK.
            Yes they do, some guy won a case just the other day based on a pre nup. Doesnt guarntee anything, but it is at least a factor.

            Comment


              #7
              Originally posted by DimPrawn View Post
              Pre-nups have no legal power in the UK.
              Oh yeah.

              They do get upheld occasionally tho... Things might be changing
              It's about time I changed this sig...

              Comment


                #8
                Originally posted by tay View Post
                Yes they do, some guy won a case just the other day based on a pre nup. Doesnt guarntee anything, but it is at least a factor.
                A socialist government will never let a "poor" woman (down trodden oppressed by men) lose out financially to a "rich" man. It's all about "fairness".

                Hence pre-nups are powerless. Any court win will be overturned at appeal and cost you dearly.

                If you want you believe in a pre-nup, go ahead. You are deluding yourself.

                HTH

                Comment


                  #9
                  Use a Trust instead of a Ltd company.

                  Comment


                    #10
                    Good idea

                    Obviously, don't use a UK-reg company, go offshore (non-EU) and hope for the best. I've told a lot of ex-GFs after our first intimate meeting that I was a previous bankrupt with no assets after - you should see how quickly they got up, put their clothes on and were gone!

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