I''m new to the group any currently trying to reach a settlement. My question is about Nominal Spousal Maintenance. My solicitor is urging me to include it Consent Order.
I currently work and will be buying out my stbx who is out of work. I will stay in FMH with our 8 year old. There is some equity in the house so on what grounds would be claiming it in future?
Nominal orders are very common when one spouse eanrs more than the other and the lower earner has children to look after, they are rarely activated, if you refuse after the solicitor advised it the order may well be refused by the judge, your paying a solicitor to advise its best to listen.
Nominal SM is insurance so that if you hit hard times say because of redundancy or ill health and your ex has the ability to pay your child doesn''t suffer undue hardship. Some judges will insist on a nominal amount of SM before signing off the financial order.