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Dissolution of assets

  • Elkman70
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7 months 6 days ago #510924 by Elkman70
Dissolution of assets was created by Elkman70
Hi, I am currently going through a divorce and we are looking to split the assets. My partner has a villa in Spain which is in her name but with an usofruct and compraventa in place. The usofruct means that her mum has beneficial use until death but ownership is still with my wife.i don’t understand what the compraventa does. Any advice would be welcome.

I believe she is in the process of moving ownership of the villa from her to our children in an attempt to exclude from the pot. I have copies of the land registry documents from Spain that show it is hers.

If she does move the asset, I believe this will be seen as dissolution of assets but I don’t know the repercussions. Any advice would be gratefully received.

Thank you.

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  • WYSPECIAL
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7 months 6 days ago #510929 by WYSPECIAL
Replied by WYSPECIAL on topic Re:Dissolution of assets
If you get rid of assets the court can deal with the finances as if you still had ownership of that asset.

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  • Elkman70
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7 months 3 days ago #510972 by Elkman70
Replied by Elkman70 on topic Re:Dissolution of assets
Thank you. I thought that would be the case. Fortunately I have the land registry documents from Spain showing ownership so if it does change I have the required evidence.

Does any one know the implications of an Usofruct or a Compraventa?

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