the read out is:
Divorce Calculator Output
Your Wikivorce estimate for ancillary relief is based on the following parameters:
General:
The length of the marriage was 4 years and 9 months.
Income:
The wife's net monthly income is £1800.
The husband's net monthly income is £1700.
Children:
The number of children from the marriage is 0
Wife's Monthly Outgoings:
Essential outgoings: 1039
Childcare outgoings:
Lifestyle outgoings:
Husband's Monthly Outgoings:
Essential outgoings: 1159
Childcare outgoings:
Lifestyle outgoings: 160
Assets:
Joint matrimonial property:
- Car(s) valued at £3000
Total : £3000
Wife's property:
- Former
matrimonial home valued at £210000 (value at marriage : £110000)
- Savings valued at £0 (value at marriage : £0)
- Pension
CETV valued at £12000 (value at marriage : £9000)
Total : £222000 (Total value at marriage : £119000)
Husband's property:
- Pension CETV valued at £12000 (value at marriage : £10000)
Total : £12000 (Total value at marriage : £10000)
Processing Assets:The total value of assets you entered as joint assets was : £3000
We add to this joint pot the increase in wife's assets since marriage : £103000
We add to this joint pot the increase in husband's assets since marriage : £2000
We add 10% of wife's assets (valued at marriage date) for each year of marriage, which is £47600
We add 10% of husband's assets (valued at marriage date) for each year of marriage, which is £4000
The joint asset pot is: 159600
The wife's asset pot is: 71400
The husband's asset pot is: 6000
Liabilities:
Joint liabilities:
- Secured loan valued at £-10000
- Tax liability valued at £-2000
Total : £-12000
Wife's liabilities:
- Mortgage valued at £-64000 (debt at marriage : £0)
- Credit card valued at £-500 (debt at marriage : £0)
- Overdraft valued at £-1000 (debt at marriage : £0)
Total : £-65500 (Total debts at marriage : £0)
Husband's liabilities:
Total : £0 (Total debts at marriage : £0)
The net joint assets are worth : 147600
The net wife's assets are worth : 71400
The net husband's assets are worth : 6000
Splitting the assets:
Next we share out the net joint assets based on factors such as:
length of marriage, relative incomes, who cares for any children.
Wife's share: 50%
Husband's share: 50%
Wife's total share of net assets is : £145200
Husband's total share of net assets is : £79800
The Wikivorce estimate for ancillary relief based on the above parameters:
Maintenance calculation based on outgoings data:
The wife has been allocated the following:
- basic (incl childcare) needs £1039
A total budget allocated of £1039
The husband has been allocated the following:
- basic (incl childcare) needs £1159
- lifestyle needs £160
A total budget allocated of £1319
The husband should pay the wife maintenance of £381
The wife should pay the husband maintenance of £761
Maintenance calculation based on household/childcare data:
The wife has been allocated the following:
- basic (incl childcare) needs £700
- shared contribution £700
- share of excess income £360
A total budget allocated of £1760
The husband has been allocated the following:
- basic (incl childcare) needs £700
- shared contribution £700
- share of excess income £340
A total budget allocated of £1740
The wife should pay the husband maintenance of £40
My wife is saying I won't get a penny from the assets and her solicitor is agreeing - is she right?
Paul
