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What are we each entitled to in our divorce settlement?

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Form D81

  • dingalo
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31 Aug 20 #513915 by dingalo
Topic started by dingalo
Completing the form D81 and there are no problems except for one matter. My grandfather set up a Discretionary Trust in the 1990's and I am included as one of the 'potential beneficiaries'. The Trust to date has not paid out either income or capital to anyone so I have, neither before or during marriage received any benefit from it. Does the trust have to be included somewhere on form D81 and at what value?

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06 Sep 20 #514017 by hadenoughnow
Reply from hadenoughnow
I would say it has no current value.

Is your ex aware of it? You do need to ensure it has been disclosed before final agreement is made.

Hadenoughnow

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09 Sep 20 #514065 by dingalo
Reply from dingalo
Yes, I have fully disclosed the existence of the Discretionary Trust and the fact that i am one of the potential beneficiaries.
One further question. I have agreed to pay my wife the sum of £80K . Should I include that in the liabilities section of form D81?

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