Can I ask for the benefit of your experience and knowledge please?
My partner is about to start divorce proceedings after 2 years separation and he has maintained a very amicable realtionship with his X2B. It will be a DIY divorce as they are agreed on childcare (youngest 16) and all things financial and neither can afford to engage solicitors.
Their situation is briefly as follows: -
Him - 49 years
X2B - 50 years
Marriage 23 years
His earnings £26K pa
X2B earnings £7K (in low paid job but loves it and won't change to try and earn more). Approx another £6K received pa in tax credits and child benefit.
Children - 20 years (at home but working f/t) and 16 - in college. The youngest spends 3 days/nights per week with us.
matrimonial home value £150K (no mortgage) and X2B lives their with 2 children. X2B was also left approx £3K in bank account.
Him - small pension provision of 14 years (
CETV not yet known)
X2B - very little pension provision (approx 8 years worth before she gave up work for children). She has been in work for approx 5 years but has made no contribution to a pension to date.
No other assets or liabilities to speak of.
Him - now living with me in new property in which I paid deposit of £30K, Mortgage of £1050 pm and my 3 dependent children living with us.
My partner and his X2B are agreed on the following settlement:-
He signs over 100% of his interest in the matrimonial home (worth £75K) and 20% of his CETV. No
child maintenance as youngest spends nearly half the time with us. Though he does contribute to coleege expenses. Youngest claims £30pw EMA.
X2B is more than happy with this settlement. She is in long term relationship but has no immediate plans to cohabit or marry.
I want my partner and his X2B to obtain a Court Order so that we can move forward in the knowledge that she will not be able to claim against us in the future. My partner and I hope to marry at the end of next year and I would like this all settled before then. Will a Court see this as a
fair settlement? If not, will the Court stamp it if both parties confirm that this is what they want?
Any comments would be gratefully considered.
Many thanks