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Read our latest Financial Settlements guide (2021)

What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

Protecting my assets

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Hants999
Posted by
New Member

26 Aug 18 #503548 by Hants999

Topic started by Hants999

My wife of 36 years has stated she wants a divorce. She has a boyfriend of 15 years she plans to move in with. In the past three years after many years struggling financially due to working in different parts of the country and having two mortgaged properties we are now financially secure. We have both finished work early and a combination of my claiming my pension early and taking voluntary redundancy and inheritances from my family our mortgages etc. have now been paid off. I believe our improved financial situation has motivated her boyfriend to press her to get a divorce as his financial situation is dire and he does not work. Can I protect my assets from his grasp!

hadenoughnow
Moderator

27 Aug 18 #503564 by hadenoughnow

Reply from hadenoughnow

After a marriage that long, the start point for division of all assets is 50:50. You may be able to argue that some things such as inheritances are left out of the equation.

What she does with her share is up to her.
So make sure you have a legally binding financial settlement in place before splitting what you have. If you don't, there is a risk she could spend her share and then come back for more.

Hadenoughnow

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Moderators: hadenoughnow

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