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Should Every Property Owned By A Couple Be In The Husband's Name?

hi guys i need yr opinion on these

there is this friend of mine who runs a business together with her husband but the whole business is in d guys name coupled with their property and even cars owned by them. the company account is also solely in the husbands name.

what advise do u think i shld give her.

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34 answers

I beleive in the concept of joint and individual properties. Properties that she is using like her car will be in her name even if I paid for it. While some others will have both our names i.e Mr & Mrs Lagbaja on it. I will also make will leaving all the residue of my property to her or my Kids so that at any point in time she can lay claim to them if I die

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If they live here in the states the man's assets are automatically hers in death and they share it in divorce but in Naija and our non existence laws,she's in danger.

she needs to wisen up,this is 2007

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@ThoniaSlim

i agree with you on this.properties like cars should be on individual name.other assets should be in joint names.

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they can have majority in both names,and and have minority in individual names.

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Both names, if they want to do separates, one can have something in his name, other can have something in her name

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I believe the property should be in both thier names, afterall, dats wat marriage is all about init?

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Nope, why can't it be in both their names?

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thanks all for yr contributions

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that is why i love living in the west. could you imagine being a wife to a man for god knows how long, only for his family to take every thing that you rightfully worked yr Bottom of for! when he came home you were the one cooking and cleaning, so you worked just as hard hell, there would be some blood shed up in there am telling u.

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[b]what does it profile a man if he kill th[/e all world and loses is own life.b]

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Sometimes it can't be avoided. When we bought our house, the bank would not finance it with my wife on the deed( because of her lousy credit score). I had no problems getting it financed but the only problem is the wife is not on the ownership paper. Now I can go to the Lawyers office and get a document drawn up donating half ownership to her in the event something happens to me. This might would work in your friends situation if all parties agree.

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I'm not surprised, I know Lady GL will come to the rescue and wield the magic wand and everything will be alright.

Madam, you too much. God bless.

But I didn't get that story you described up there very well.

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It's wrong and I can't imagine myself in such a situation.

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My mom once told me the story of a relative who got married to a second wife (he'd divorced the first) and put all his property in her name, including those he owned b4 marrying her. Eventually the woman died without a child and he realized then that she willed all his property to her family, even though the man had two children with his first wife. She even willed a house in VI to their househelp (I still can't understand why she did that). It was a long legal battle but in the end they managed to work out something. The man is still living with the househelp, who is now grown and even has a child for her late husband. That's the only way he can have some claims on the house.

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I was shocked to hear that a woman was capable of such dishonesty. Well, marriage itself is a risk, but it's better to be married to someone who really loves you rather than someone who is out to exploit you. Plus, both parties should own the major property and/or be privy to each other's Wills.

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@Chinani,

I know we've clashed over divorce in one thread bordering on divorce some time ago. And now this one.

Anyway, I will fall back to my original recipe for this kind of problem(s).

''Go get married and tell us how you solved this kind of problem, if it ever existed, in your home in the first place''

@IAH,

You know, I like people who aim high. My wife's just like that. But,  like your friend Chinani stated above from her Russian proverb,

And Chinani, I think your advise applies more to IAH, than this situation. Many of the replies to this thread has been from ladies who are not married. Kiddies at best. I will not take their entries seriously.

I will rather have the views of married people, especially those with solid christian background, or people (men and women) with good christian background on this matter. I longed to read something from GL and Flower on this.

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Chinani, I bet I can come in now, but I'll tread carefully. I fully agree with Kimba on what he's stated.

Except of course, there's more to what ye ladies want than the picture Kimba has described. In that case, let the names of the two people (husband and wifey) be on the owners box. But that'll look somewhat absurd, if you ask me. I think there must be a way round this. Still waiting for more entries from the guys.

Kimba, well said.

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@chinani

Methinks, ladies need y'all to do a background check to make sure the family members of your hubbies don't have business tendencies.

Seriously, but all the same, i think it depends on the amount of love between the couple. In the past, "I do" was "I do". Now, "I do" has become "I do,, if", and thats where the problem is.

In fact, in case of property ownership, usually, there is 1-owner's name penned down, and then first/2nd-of-kins statement details. I believe its wrong for a married-man to put down the name of his own brother/sister(elder/junior) as a next-of-kin if he has a wife. Its absolutely wrong.

If he states that someone else is his next-of-kin, then I rule out there is a problem in that marriage. Let them work on that marriage first before property.

My mother is the #1 next of kin to my dad, and not even his brothers/sisters can argue about that. In fact, my dad cant even think about such an idea in the first place. Thats how much i know he loves my mom.

Period.

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Hell no. What if he dies? What if hue's s*hit with money?

What if they divorce. Awwww helll no!"

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@kimba

Hmmm? Well what about when/if (GOD forbid)her husband passes away. What prevents family members or a business partner or the business financier from saying "Your Mr ---- is with GOD so I say give you ---- Naira"? And what can the woman say? She is now in the position to "accept generosity" and be a charity case. What would her husband say if he could influence this world after he passed. Remember, so much of what we do is to prepare for the future, why not this name business?

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I suggest the MR Lagbaja and MRS.Somebody Lagbaja is stated clearly.If i change my name doesnt make me, him.

If it ours is most say so[b] BOLDLY[/b]

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@helen123

I was just thinking: for this your friend, didnt she change her surnname after she got married?, as in why should she be referring to it as "my husbands name".

If I was the wife, my husbands name is my name!, abi

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Chinani, my dear, I like watching from a distance, and then strike later on. Please pardon me. I won't contribute at this time. It's getting a bit hot in here though.

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@Ono

Who better than you? Let's hear your contribution.

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I see that aside from Nwoke a.k.a oSeun (and later on to be known as Adamu), the admin, all the contributors to this thread are the female folks.

I will like the male folks to contribute to the thread.

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Well I think the friend should discuss it w/ the husband. There should be a peaceful compromise. She must have some things in her name or both their names. She is really putting herself in dange b/c no one knows what the future shall hold.

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I believe if you get married, you're both responsible for everything and since you've become one, both names should be on every property and bills reguardless of who is footing the $$$(mola). In case anything happens.......

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No, every property shouldnt be in the husbands name neither should it also be in the woman's name. If its something I bought with my money, it will have my name on it unless I say otherwise. If its my husbands money then it will have his name. Another thing that can be done is to have the kid's names on it. As for the bank account thing, theres nothing wrong with having a joint account, just also make sure you have seperate individual accounts. Money issues are very sensitive in marriage, you have to handle with wisdom. Sometimes my husband buys something and writes the receipt in my name. Honestly I find it hard to do the same. The other time, my mother-in-law wanted to buy IBTC shares for my daughter. My husband asked me to sign it to the bewilderment of his family. I quess its cause he trusts me, but I always wander if I can do that. I love him, thats for sure but I grew up seeing my parents do my money is my money, your money is your money and Its difficult for me to adapt.

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@Hot angel A very nice one.They shd have separate acct.

I aint gonna allow dt wit my man.

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As Nigerians, we all now how in-laws can get with property once their beloved sons are dead, the wives are treated unfairly.

There was a lady that my mum knew, her husband died of an asthma attack, they took away everything from her, all because her husband had everything in his name,the house, the cars, she was thrown out and not allowed to carry anything out of the house.

I think it's highly unfair and a couple should have serious talk about issues like this.

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naaaaaaaaah!!!i don't think so!!unless the man want's to play a little dirty game,.

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yea i dont think property should be in name of the husband because since u are married marriage is a together thing.

reminds me of the day i asked my mum who owned the house shes like i do and ur dad does so marriage is not about the husband when it comes to property its a together thing

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Totaly WRONG. And every property shouldn't be in the husband name. This is the 21st century. You should tell ur friend to open another account where she puts the money she makes. She should sign a pre-nup. Or something. She shouldnt let everything she works for be in her husband name.

Being submissive to you husband according to the 'bible'... doesn't not mean turning your self to a didirin.

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Putting everything in the husband's name is very wrong and it puts the woman at her husband's mercy as well as at the mercy of the husband's family if he dies early. I can understand why the man would be comfortable with this situation - he has nothing to lose - but I can't understand while a woman will agree to it - perhaps she's misinformed?

The way my friend's parents do it is that her dad owns 50+x% of the shares in the family business and her mom owns 50-x%. So her dad owns a controlling share but her mom owns almost half of it. If her dad goes to heaven her mom automatically becomes the majority shareholder and hence owner. (So her dad's family members cannot claim ownership at all and even if they try my friend will haunt them in their dreams and tear them apart with her claws.)

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