I am in the process of initiating a divorce from my wife. We have been married 8 years.
I understand that any jointly owned asset are halved (house equity, savings) but where do I stand on pensions? I have a sizable pension pot that was already established as I entered the marriage. Would my wife be entitled to half it''s current value, or half of the value earned since the start of the marriage, or a proportion based on the time we have been married versus the time the pension fund(s) have been running.
There are no children involved.
Also, in the forum''s experience, would any future maintainence payments be required? I am now the sole financial provider in the relationship.
There is such a thing as a Separation Agreement which is wise if you don`t intend to divorce straight away, though they are not legally binding should the matter become contested it does at least provide the judge with what was agreed at the time, its better than nothing put it that way.
As for debts, once you stop living together generally you both become responsible for your own accrued after separation.