Sole owner of property, splitting income with Wife

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    Sole owner of property, splitting income with Wife

    Hello,

    can someone please advise on this scenario:

    1. I own the property and my name is on the mortgage and the title
    2. Can I split the income with Mrs 50/50? (married partner).


    I am getting told if i were to die then the property will goto Mrs and therefore any rental income is 50/50 split......

    #2
    Whoever told you that is wrong.

    If you want to split the revenue, you will have to split the ownership of the property (and probably put your wife on the mortgage).
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      No you cannot split the income/revenue

      If you were to die the property may be left to your wife under your will if you have not already done this , maybe thats what they were trying to say to you , but its not hers yet

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