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cashing in old savings policies - who gets what?

  • braveheart
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08 Oct 07 #4447 by braveheart
Topic started by braveheart
Quick question - Divorcing. We have been married 15 years and have three long term savings policies still going that I started 10 years before we were married.

When we split the assets up we will surrender the policies. Can I claim that for the first 10 years of these policies running as stbx had nothing to do with me that I can claim 10/25ths of a 100% of their worth today, for me, then we split the rest 50:50 (or whatever % split asset split we agree?)

Hope this makes sense.

Thanks.

  • Fiona
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09 Oct 07 #4532 by Fiona
Reply from Fiona
The longer a marriage lasts the less important is the source of assets so I think after 15 years of marriage the savings will be considered matrimonial and form part of the 'pot.' :(

Even supposing they weren't, the first ten years would normally be worth less than 10/25ths because growth is less during earlier years.

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10 Oct 07 #4543 by braveheart
Reply from braveheart
Many thanks Fiona - I thought as much.

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