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.


Advice re Insurance Policies

  • scottishlady
  • scottishlady's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
09 Nov 07 #6259 by scottishlady
Topic started by scottishlady
Hi....
Does anyone have any thoughts on this?
Last week when I visited my sol she had received, amongst other things, a handwritten 'guarantee' from my X2B that he would not 'dispose' of any of three endowment policies that he has, prior to 'settlement'....
Today, however, I come home from work to find a letter from Prudential saying "Dear Mr X.... Thankyou for your enquiry regarding selling your policy"....
I have called my sol to ask her advice, but she's at court.....
Any advice would be very welcome

Thanks
SL

  • JLGsDad
  • JLGsDad's Avatar
  • Elite Member
  • Elite Member
More
09 Nov 07 #6265 by JLGsDad
Reply from JLGsDad
I'd say calm down and think about in the morning.

It may just be a normal part of planning - asking how to do it or how much the policy would be worth seems reasonable.

I always remember the maxim "Don't assume. Check".

You could just say that you saw the letter and whilst finding out how to do things is fine, you'd like him to remember his promise, or something like that.

  • Sera
  • Sera's Avatar
  • User is blocked
  • User is blocked
More
09 Nov 07 #6280 by Sera
Reply from Sera
Make a note of all the references on the letter, (or just photo-copy as proof!)

If you can, ask the companies for a Current Valuation, and keep the valuation as Evidence for if he does do-the-dirty and dispose of them.

Hopefully your slice will still be a bigger part of the house.

  • scottishlady
  • scottishlady's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
10 Nov 07 #6288 by scottishlady
Reply from scottishlady
Thankyou both for your thoughts on this matter....
JLG's dad..... from recent experience of my STBX's actions.... I cannot help but think that he does infact have every intention of cashing these policies in, and 'hiding' the cash.... given that... he claimed last week to have 'lost' approx 20K gambling.....
I tend to think that he is of the opinion that he can 'hide' all this cash and when we 'go to court' he will be awarded (at least) 50% of the proceeds of the house sale...
Sera.... thankyou, yes, I hope you are right, in that to 'compensate' for all this money he is supposedly gambling/spending/losing/hiding.... a judge will realise this, and hopefully 'compensate' me accordingly re sale of our home....

  • sexysadie
  • sexysadie's Avatar
  • Platinum Member
  • Platinum Member
More
10 Nov 07 #6291 by sexysadie
Reply from sexysadie
It may be the easiest way to get a valuation for his form E.

Sadie

  • scottishlady
  • scottishlady's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
10 Nov 07 #6304 by scottishlady
Reply from scottishlady
Thanks Sadie.....

Yes, I suppose that could be a possibility...
I think, because of my thinking 3ish months ago.."he wouldn't do that"... when, infact, he could, and he did..... I am more concerned about 'his deceptive actions' than I possibly should be... and, you are infact right...
Thanks again
SL

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 Order £259

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.