Women and financial flexibility to benefit the family

Romantic relationships and the way investments are owned, purchased and structured should take into account the need for flexibility!

Years ago, a young couple came to see me about placing some investments. The male partner wanted to place some investments in his girlfriend’s name. My advice was to invest funds half each in their individual names and not jointly. In this way if the relationship stands the test of time both partners have accumulated investments which can be used to further the relationship in the future. It is best to have investments in each individuals’ names rather than in joint names. In this way profits can be extracted and structured to affect one partner at a time, allow control over the level of capital gains tax and which partner is the best one to take the taxable gain in a particular tax year.