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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.


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FORM E and Money transferred overseas

  • NonMolest
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27 Dec 07 #9579 by NonMolest
Topic started by NonMolest
Hi All,

I have been married to my wife for 3 years now and divorce is pending in court. I have one kid of 1 yr old and It was arranged marriage. I had around 30K savings when I got seperated from her. I transferred around 25K to my overseas bank and from there I transferred money to my cousin sister for safekeeping. When I filled the divorce petition, I was left with 5k and took 10K as loan from bank and hence I am in debt now. I need to fill form E now and I can't hide the money (25K) which I transferred overseas. Please gimme a good advice how can I save 25K. There are certian options available like, I gifted that money or I repayed my loan or there was a business loss overseas around 5 years back or something like that. I want to know what is the best way to convince the judge saying money has gone and I didnt deliberately transferred the money but I had to repay it somehow.

Please advice.

Thanks
NM

  • LittleMrMike
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27 Dec 07 #9589 by LittleMrMike
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I understand you may perhaps have difficulty in articulating your question, but my advice to you is not equivocal - your answers to the questions in form E must be completely truthful, and you should be prepared to support any statements you make by proper evidence.

Mike 100468

  • attilladahun
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27 Dec 07 #9598 by attilladahun
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Get the money back and pay off your loan -that is financial sense!!

Fill in form E with the correct details....No one on this forum would encourage you to do otherwise...

In a short marriage your wife is not entitled to a meal ticket for life Graves v Graves....but "needs" will be an important factor in the case..the child's needs.

However, she is the mother of your child

And so surely even if it was an arranged marriage or not the child wasn't arranged and I am sure deep down you would want to see to it that your child has proper accomodation....so if she needs a home will not a deposit be needed?

Your question suggests by implication that if you are able to hide £25k

PRESUMABLY she and you child gets nothing....

I hope not - is there not a legal & moral obligation to support your child

No more needs to be said...

....Falls off soapbox....

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03 Jan 08 #9884 by NonMolest
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Hi Attilladahun,

Thanks for your response and apology for late reply!

I can very well understand what are you saying here. Reality is around Jan 06, my wife asked me to financially assist her parents, her parents lives overseas. I had no money at that time and I asked my cousin (lives overseas) to give money to my wife's parents. My cousin gave them a cheque, but her father said, I need money in cash. My cousin sister did so. Again in Jan 07, my wife asked for more money, I gave her £5000 in cash, bcoz she had no bank account at that time. (I cant prove the same bcoz money was given in cash). She asked money from my friends, my friend gave her £790 in cash(again cant prove it). She started asking for more and more. I refused to give her money and she became violent. I spent at least £800 on my daughter's first b'day and my wife swore at me saying why did u spend that money for no reason. Then I repayed my money to my cousin and my parents (overseas) and applied for divorce. My problem now is since I have to disclosed my financial disclosure, and my bank statements will show the money is been transferred, my wife will ask for share from it. I am in debt of £10K and I have been signed of from work due to illness. I am worried now and wondering how can I back up whatever I mentioned here and how to prove the truth :(.

Please advice.

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03 Jan 08 #9899 by NonMolest
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Hi Attilladahun,

Thanks for your response and apology for late reply!

I can very well understand what are you saying here. Reality is around Jan 06, my wife asked me to financially assist her parents, her parents lives overseas. I had no money at that time and I asked my cousin (lives overseas) to give money to my wife's parents. My cousin gave them a cheque, but her father said, I need money in cash. My cousin sister did so. Again in Jan 07, my wife asked for more money, I gave her £5000 in cash, bcoz she had no bank account at that time. (I cant prove the same bcoz money was given in cash). She asked money from my friends, my friend gave her £790 in cash(again cant prove it). She started asking for more and more. I refused to give her money and she became violent. I spent at least £800 on my daughter's first b'day and my wife swore at me saying why did u spend that money for no reason. Then I repayed my money to my cousin and my parents (overseas) and applied for divorce. My problem now is since I have to disclosed my financial disclosure, and my bank statements will show the money is been transferred, my wife will ask for share from it. I am in debt of £10K and I have been signed of from work due to illness. I am worried now and wondering how can I back up whatever I mentioned here and how to prove the truth :(.

Please advice.

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04 Jan 08 #9925 by NonMolest
Reply from NonMolest
Hi Attilladahun,

Thanks for your response and apology for late reply!

I can very well understand what are you saying here. Reality is around Jan 06, my wife asked me to financially assist her parents, her parents lives overseas. I had no money at that time and I asked my cousin (lives overseas) to give money to my wife's parents. My cousin gave them a cheque, but her father said, I need money in cash. My cousin sister did so. Again in Jan 07, my wife asked for more money, I gave her £5000 in cash, bcoz she had no bank account at that time. (I cant prove the same bcoz money was given in cash). She asked money from my friends, my friend gave her £790 in cash(again cant prove it). She started asking for more and more. I refused to give her money and she became violent. I spent at least £800 on my daughter's first b'day and my wife swore at me saying why did u spend that money for no reason. Then I repayed my money to my cousin and my parents (overseas) and applied for divorce. My problem now is since I have to disclosed my financial disclosure, and my bank statements will show the money is been transferred, my wife will ask for share from it. I am in debt of £10K and I have been signed of from work due to illness. I am worried now and wondering how can I back up whatever I mentioned here and how to prove the truth :(.

Please advice

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