A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


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.

What steps can we take to reach a fair agreement?

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.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


inheritance money

  • otty
  • otty's Avatar Posted by
  • New Member
  • New Member
More
27 Oct 07 #5372 by otty
Topic started by otty
Hi

Can someone please help. I have been married for 28 years and just seperated. We only purchased our first home 1 year ago with a 35k depoist used from my inheritance money from my father so there is no equity in house as only paying interest except for deposit. The money left from inheritance I invested in my own name and that money never entered a joint account at all. My partner has all the earnings as he was selfemployed and I had a small business which relied on him for transport which he no longer does so I have had to close down and have zero earnings. I have 2 daughters living at home with me one is 24 and a student nurse with no earnings and the other is 23 with a full time job. Do I have to give him any of my inheritance and what about the 35k I paid as a depoist on the house. He has all the earning capacity and I have none at the moment how do I stand could someone please help

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
More
27 Oct 07 #5375 by Fiona
Reply from Fiona
I believe in England & Wales inheritances are rather a grey area. They are relevant and need to be disclosed but then individual circumstances dictate what happens.

When resources are limited there is more chance they will form part of the pot if both parties 'needs' can't otherwise be met. Assets used to purchase the family home are considered matrimonial regardless of their origin. However, when there are sufficient assets to meet needs and the inheritance has been kept separate, particularly if the inheritance was recent, they may be alloted to the person who inherited.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 


Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £359

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.