Hello everyone,
I am interested in hearing about your experiences and how you reached agreements.
Here is the situation:
1.)
My partner (we are unmarried) has two children and owns a plot of land where we want to build a house.
I have a daughter from a previous relationship.
Since the land belongs to her and has significantly increased in value, the increase would need to be accounted for separately as inheritance for my daughter.
We want to avoid conflicts from the outset and are therefore looking for ideas for an amicable solution.
2.)
How does this work with a mortgage loan for the house?
If we were to separate (which we of course hope will not happen), how can I protect myself in this matter?
I would be very grateful for constructive suggestions!
I am interested in hearing about your experiences and how you reached agreements.
Here is the situation:
1.)
My partner (we are unmarried) has two children and owns a plot of land where we want to build a house.
I have a daughter from a previous relationship.
Since the land belongs to her and has significantly increased in value, the increase would need to be accounted for separately as inheritance for my daughter.
We want to avoid conflicts from the outset and are therefore looking for ideas for an amicable solution.
2.)
How does this work with a mortgage loan for the house?
If we were to separate (which we of course hope will not happen), how can I protect myself in this matter?
I would be very grateful for constructive suggestions!
N
nordanney21 Apr 2020 22:43Actually, the situation is quite simple.
Solution 1: The partner owns both the house and the land. She must finance it, and you contribute symbolically to the housing costs. In the event of inheritance, your family line receives nothing. This is fair since you did not pay for the house.
Solution 2: You buy half of the land, and you build/finance together. In the event of inheritance, the children each have an inheritance claim on half of the property. This is also fair, as it reflects joint ownership, with both parties having contributed financially.
Solution 1: The partner owns both the house and the land. She must finance it, and you contribute symbolically to the housing costs. In the event of inheritance, your family line receives nothing. This is fair since you did not pay for the house.
Solution 2: You buy half of the land, and you build/finance together. In the event of inheritance, the children each have an inheritance claim on half of the property. This is also fair, as it reflects joint ownership, with both parties having contributed financially.
H
hampshire22 Apr 2020 00:44Solution 3: You purchase an apartment with financial participation from your partner for value equalization. This is financed through rental income and registered in the land registry under your daughter’s name. This way, everything is already arranged for your daughter, including inheritance tax.
N
nordanney22 Apr 2020 07:45hampshire schrieb:
Solution 3: You buy an apartment with financial participation from your partner to balance the value. It is financed through rental income and registered in the land registry under your daughter’s name. This way, everything is already arranged for your daughter, including inheritance tax.Very complicated
This can be very personal, and the reasons are sometimes quite private.
But since you want to build a house together, which is a very long-term commitment with significant implications, why not get married? That would simplify a lot, especially regarding taxes in the event of inheritance.
That is, if your partner even wants you to inherit anything.
Are you planning to have children together?
But since you want to build a house together, which is a very long-term commitment with significant implications, why not get married? That would simplify a lot, especially regarding taxes in the event of inheritance.
That is, if your partner even wants you to inherit anything.
Are you planning to have children together?
Tolentino schrieb:
This can be a very personal matter, and the reasons are sometimes quite private.
But you want to build a house together, which is a very long-term commitment with significant implications. So why don’t you get married? That would simplify a lot, especially in terms of taxes in the event of inheritance.
That is, if your partner even wants you to inherit anything.
Are you planning to have children together? Be careful! Marriage does not change the issue with the land ownership. The property will still belong solely to your partner after marriage, and the same applies to any house built on it.