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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.

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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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Only wanted to marry me for my future Inheritance

  • Action
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03 Jul 12 #340896 by Action
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On the trust topic, I''ve just had a new Will done and I have had it drawn up with a percentage split between my grandchildren, but they can''t have the money until they reach 25 unless the trustees (my two children) agree that specific sums are needed for a particular purpose (musical instrument or the like). I don''t think this gets around the inheritance tax problem - not that it will be applicable to them, but the down side is that inheriting later means that the income from interest earned on the capital inherited is taxed at 50%

I still decided to go for this option as I would prefer the money they inherit from me to be spent sensibly.

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04 Jul 12 #341014 by zulu1305
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Thanks Action and Fairyland. At least I have an expression of wish if anything happens to me while I still work for my company which I''ve split between the children equally (in trust until they are 25). I do need to get a will sorted though.

I hope one day my kids will come to see me but I know that I won''t force them if they don''t feel comfortable where I live and with WHO I live.

They are 15, 13, and 10 by by the way. 2 boys and my youngest a girl. My wife has 3 children. All boys. 17, 13 and 10.

She also hates me talking to my ex to make arrangements and only seems happy when I spend time with her and her boys.

Hopefully she will mellow and see that I''m hurting but what hurts most is that I''ve done everything I can to make her and her boys happy but I miss my own kids so much and I truly thought that she loved me for me as she displayed so much affection at the start. She even encouraged me to apply for joint custody when we first got together with grand ideas of extending her house to accomodate my kids.

Where has that woman gone?

I''ll talk to my parents and in the meantime try to ride it out. Thanks both for taking the time to read my post.

M x

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04 Jul 12 #341024 by JayneEyre
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zulu1305 wrote:

Thanks Action and Fairyland. At least I have an expression of wish if anything happens to me while I still work for my company which I''ve split between the children equally (in trust until they are 25). I do need to get a will sorted though.

M x


Hi Zulu

From personal experience without a Will your Expression of Wishes may not be executed in the way you would like it to be.

Long before my mother ever knew she was going to pass away prematurely she told me that her she had requested that her Expression of Wishes be divided three ways on the event of her death as she believed that due to an affair my father had many years previously he would find a new woman very quickly & spend it impressing her rather than sharing with his children.

Because they had never made a will other than one of those home made ones that they completed shortly before flying away on a holiday leaving everything to each other my father received the large complete payment from her company on her death & her prophecy came true.

I always felt saddened not by the fact that I received no money but by the fact that one of her last wishes was not granted.

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04 Jul 12 #341027 by hawaythelads
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Get your finger out Petition her for a divorce today and hept divorced and Ancillary Relief sorted before your parents die.that way she isn''t entitled to a penny on inheritance that aint happened yet.
Get rid of the fecking gold sighs today
All the best
Pete

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04 Jul 12 #341030 by zulu1305
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Thanks Jayne, I''ll certainly bear that in mind as I know that if my wife had the money then it would go towards her debt and her children and mine would receive nothing.

I just wish I didn''t have to think like this as i always hoped I would settle down with someone who i couuld trust completely and feel comfortable in my own home with.

The ironic thing is that all she had to do was welcome my kids and make them feel like they could see me anytime if they wanted to. Make me feel like it was my home too. If she had done this then I would have looked after her financially anyway as someone who I loved back and wanted to share with.

I don''t understand her jealousy of my 10 year old daughter and also why does it bother her so much that I want to see them on my own if they don''t want to come round?

She says it''s their choice not to come and see me but it''s their loss? I find that hard to understand. How can kids be to blame? She sees her kids day in day out but thinks that unless my kids blend back into the "bigger family" then I should only see them once a week on a weekday night?

What is her problem? The last time I asked I was given the silent treatment before the physical attack and throwing me out.

I just want a quiet life with my kids and a loving partner. Kids will grow up and move on but they need me now just as my wife''s kids need her.

So sad.

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04 Jul 12 #341033 by hawaythelads
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So her plus points are

Shxt with Money
Uses you as a walking wallet
Shxt with your kids
So jealous she has driven them away.
Assaults you
Planning to grave rob your parents inheritance before they are dead

She sounds like a right catch.
Divorce it man up get yourown place and see your kids she''s fecking toxic mate.no happy ever after with her ever

All the best

HRH

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04 Jul 12 #341040 by zulu1305
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But apart from that.....lol. I just wanted to believe I was wrong and that we could work it out. I''m not perfect myself HRH but just hurting I guess as I wanted her to be the one you know? Thanks for the plain talking anyway.

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