Currently in the early stages of a divorce, I''m ignoring my solicitors and friends advice regarding finances and ''stopping'' paying for things.
I am currently paying £875 per month directly into her bank account, this allows her to stay in the
marital home with the kids.
She says she is about to market the property soon, and I believe her.
My question is regarding the final settlement once the divorce is processed, I simply want a
fair settlement. I''m not instructing my solicitor to fight for the VERY BEST deal she can get for me, not sure about my ex''s solicitor''s approach. I don''t want to fight/squabble, and know we are in a luxurious position regarding finances.
Our details are:
Married for 17 years, 2 Children (17 & 15).
House valued at £400k, mortgage remaining = £40k
Endowment policy in my name to mature 2016 to pay out £32,000
Endowment policy in her name to mature 2016 to pay out £28,000
Credit card Debt of £2,500 (she says is mine)
Zero savings.
My pension transfer value is £165,000
Her pension transfer value is £72,000
We both own shares, some locked in, some conditional and some available (all tax purposes). Mine have a total indicative value of £26,000, hers £14,000
My income comprises base salary of £42,000, bonus (variable each year, could be nothing but was £3,500 last year) and shift allowance (£3000 per year but not guaranteed and will disappear next year).
Her income is base: £13,000 and variable bonus (£1,110 last year).
She works part time but could easily go full time at her request (so the figures above would be doubled) and often works overtime - does this matter?.
One child stays with me 3 times a week, the other only here and there. No problems with access.
We want a
Clean Break, what is a "fair" split we can expect?
Thanks.
If you need more details/questions let me know. Thanks for any help/advice you can offer.