19 Jul 2018 5:57 PM:

Hi Baz,

Defintely will get proper legal advice on it I'm more just thinking out loud on here if that makes sense.

I'm going to wait until the divorce process is over before I do anything property wise but as I'll have commitments to my child and the possibility of regular assessments etc I want to make sure that I don't fall foul of anything.

I think both here and in the UK I can get good advice, will certainly make sure I do, cheers for the help

Thread: Buying Property - Protecting Myself (Ongoing Divorce)

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19 Jul 2018 9:20 AM:

Hi all,

Currently in the midst of a nasty divorce process with soon to be ex Spanish wife, we have one child together.

Thinking of buying a property here but not sure which is the best method of doing this in order to be suitably protected. Options / thoughts below, all help greatly appreciated! Cheers, Stevo

 

1. Buy in Childs name. But with 'usofructo' for me during my lifetime. 

 

2. Use of Spanish Company / Trust Structure (UK / non resident trust attracts 3% tax so avoiding this option)

Spanish Company Structure high annual costs, company returns etc, tax on profits (of which there would be none)

 

3. UK Grandparent gets NIE here and buys in their name. UK Inheritance tax considerations. 

Also works well with custody because I can pay a fixed rental to them, costs that would be relevant in a legal / custody battle. Options 1 and 2 don't have this.

 

 

Any other ideas greatly appreciated. Just trying to protect myself having seen the very ugly side of divorce, wife is 'high conflict' and seems to want nothing but conflict in every single way possible, so all my decisions have to be well thought out now :)

 

 

 

 

 

Thread: Buying Property - Protecting Myself (Ongoing Divorce)

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