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 legal advice on a fair financial settlement?

We offer a consultation with experienced family solicitor for a low fixed fee. You will receive legal advice and a written report outlining your legal position and setting out what a fair settlement would look like based on your individual circumstances.


Spousal Maintenance

  • odie497
  • odie497's Avatar Posted by
  • New Member
  • New Member
More
31 Jul 12 #346510 by odie497
Topic started by odie497
I have just run the Divorce Calculator to see what level of maintenence I should be paying.
I have been separated for 12 months and pay my ex wife £1000 per month. This is based on the CSA calaulator stating I should pay £600 for the children (I have 2 teenage kids) and then balancing our disposable income after all bills etc.
My wife visited a solictor just after we split and was told I was being very generous.
However, she now wants to legalise the Separation Agreement to protect her position and I am trying to get an intial view on what this may mean financially.
The Divorce Calaculator came up with a figure of £600 after I had typed all of the relevant info in to it - including childcare costs.
My question is - does this effectivily include the childcare part or could I be forced to pay £600 spousal maintenance plus another £600 to cover the childrens maintenance.
I understand the figures are only indicative.
thanks,

  • rubytuesday
  • rubytuesday's Avatar
  • Moderator
  • Moderator
More
01 Aug 12 #346570 by rubytuesday
Reply from rubytuesday
Welcome to Wikivorce

We would need more information, Im afraid, before anyone could begin to answer your question further.

If you could answer these questions, it would help:

Your respective ages

how long married (inc any pre-marital co-habitation)

Number of nights your teenagers spend with each of your per week - and how long until the finish secondary education

your marital assets (both sole and joint names)

your marital liabilities (both sole and joint names)

your respective incomes and outgoings

pension details

any other info that you feel may be relevant

  • odie497
  • odie497's Avatar Posted by
  • New Member
  • New Member
More
01 Aug 12 #346701 by odie497
Reply from odie497
Hello,

In answer to the questions below

Ages - I am 46 and my wife is 48

We were married for 15 years and lived together for 1 year before that.

My kids spend every other weekend with me and I look after them if my wife wants to go out.
The kids are 15 and 13 - so assuming they stay at school till 18 have 3 and 5 years left at school respectivily.

The main assest is the home which is worth £300K with a £100K mortgage. I have around £10K worth of shares and my wife has a £33K endowment policy.

My income is £3000 per month and my wifes is £2000 per month (not including the maintenance I pay her).
Monthly outgoings are £2500 for me (including the maintenece payment) and £2000 for my wife. This covers bills and food, petrol etc but not personal effects such as clothes. Kids clothes are covered.

I have not got into the pension details properly yet - both of us have final salary pensions but as my salary is around twice hers my pension will be a lot higher.

thanks,

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11