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!
Unfortunately, I don’t have time for a long reply.
You are not married, so "non-related" children will not inherit anything anyway. Only the shares of the house and the land documented in the land registry will be inherited accordingly. So don’t just build a house on her land, because then it won’t belong to you, and your own child will inherit nothing while your partner’s children inherit the entire house and land. If you are not listed in the land registry, of course you won’t be able to take out a loan in your name.
In addition, be sure to draft a will.
You are not married, so "non-related" children will not inherit anything anyway. Only the shares of the house and the land documented in the land registry will be inherited accordingly. So don’t just build a house on her land, because then it won’t belong to you, and your own child will inherit nothing while your partner’s children inherit the entire house and land. If you are not listed in the land registry, of course you won’t be able to take out a loan in your name.
In addition, be sure to draft a will.
Hmm...my layman’s opinion would be that the easiest way is for you to buy her half, so everything can remain as usual in the estate. You also wouldn’t have any issues with the house to be built on it afterward, since it belongs to the property. You might want to search the forum for Pianist...he has a thread about building a house on the parents’ property. Everything else is certainly a much more complicated route.
Tassimat schrieb:
Unfortunately, I don’t have time for a long reply.
Since you are not married, the "other" children will not inherit anything anyway. Only the shares of the house and the land that are registered in the land register will be inherited according to ownership. So don’t just build a house on her land, because then it won’t belong to you, and your own child will inherit nothing. Your partner’s children would inherit the entire house with the land. If you are not registered in the land register, of course, you cannot take out a loan in your own name either.
In addition, make sure to draw up a will. Why shouldn’t your daughter receive anything? How old is she? If you are a family and you die in 20 years, it wouldn’t be fair if her children inherit everything and your daughter gets nothing...