Seems to me that 50:50 is the rule on either side.
I thought that I was being reasonable when I have offered my wife 75% of the proceeds from the sale of the property. This equates to about £150k for my wife and £50k for me. Reason being I earn much more than my wife (about 4 x more) and would like her to buy her own property outright and with a £50k deposit I could get a reasonable mortgage on top of that.
Wife is using a lawyer for the Separation Agreement and I am representing myself. Wife has been advised that this is unacceptable as such deals do not usually work out, therefore, 50:50 is what she demands and expects.
Well I'm no lawyer, but I think she is being badly advised. However, not for me to argue I guess, so 50:50 it is then.
Personally Peter, I think she is crackers!
And her lawyer too. Good god, when you read some of the woeful posts on here, she is being offered a lifeline and her lawyer is recommending trimming it? Some people on here would give their hind teeth to get 50:50, never mind a generous offer.
The only other angle I can see is that her lawyer has a plan. DO you have a good pension? Or some other asset that she has spotted? Or is she going to go for some serious and extended spousal maintenance?
Hmmm, maybe the lawyer does have a cunning plan? I have an excellent final pension scheme and will be worth £30k p.a. in ten years time when I retire. Worth £18k just now but awaiting CETV evaluation. So does the pension my wife is entitled to be based on the date of our legal separation or what it is when I actually retire? No other assests really than the house and all four kids are over 18, so no maintenance
I am still trying to keep things amicable with wife and do not want her to be disadvantaged, so just trying to be fair. I know what you mean by the other woeful post on here too and from discussions with friends who have been through the same, divorce or separation is never easy.
Spousal Maintenance is different to child maintenance. if your wife is earning significantly less than you, and will suffer hardship or a significant reduction in living standards, she can apply as part of the ancillary relief for spousal maintenance for herself. How much or for how long depends on how big the current and future earnings disparity is, and whether there is any likelihood of the gap closing. Also there may be a consideration of her future pension requirements - is she going to be able to fill her own pension pot adequately during the rest of her working life?
SM is usually considered as a transitionary benefit, to enable the disadvantaged spouse to 'get back on their feet' financially.
It might be worth your while just checking with a solicitor what they think on this matter.