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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.

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The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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spousal maintainance

  • Troy53
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19 Jun 12 #337691 by Troy53
Topic started by Troy53
Hi I wonder if anyone can give me some idea if i will have to pay spousal maintenance ?

My wife and i have been separated for just over 2 years now , we were married for 20.

we have a good relationship but i can see the money being an issue, we went to mediation 2 years ago and i agreed not to force a sale whilst the children were at school,
this didn''t include my daughter going to uni which she will in sept, my son has now left school and going to collage .

i agreed to this because my wife wanted a 70/30 split on the house at that point. the agreement being that if i continued to pay all the bills until now that she would accept a 50/50 split i have paid apporx 25k since then .

her boyfriend who she has been seeing for nearly 4 years now ( yes the dates don''t work obviously ) but I''m not bitter at all.

is quite wealthy owning his own business but is also going through
a divorce now
his wife is asking for spousal maintenance for life and my wife believes she should get it as well !

my wife earns £700 a month and 500 tax credits, she also has a pension from the county council she is an LSA, she is aware she will have to get either a better paid job or a second one . i already work on average 6 days a week 14 hrs shifts to keep my head above water.
i have an on going heart condition which will require surgery in the next 2 years and it may mean i lose my driving licence.

i have said she can have 20k more than me which is equivalent to an extra monthly payment for a good couple of years .she can also keep her pension.

bit long sorry .

i earn approx 3200 a month .

  • Fiona
  • Fiona's Avatar
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19 Jun 12 #337694 by Fiona
Reply from Fiona
SM if there is any has to be seen in context of the facts overall.

Did you have any legal advice and was there a written Separation Agreement?

  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
19 Jun 12 #337695 by WYSPECIAL
Reply from WYSPECIAL
How old are you both?

What assets are there?

Is her pension in payment.

Are figures for income gross or net?

How old are kids?

  • Troy53
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20 Jun 12 #337778 by Troy53
Reply from Troy53
Hi thx for your answer,
My wife is 45 and I am 53 , my net income is £3200 and hers is £700 plus she gets tax credits of about 500.

I am currently paying all the bills for both of us.

She is still working "full time " if you can call 9-3 full time !! So her pension won''t be being paid until she retires I guess ? She is reluctant to get another job as she will lose the 12 weeks holiday !

Assets. ... Just the house, plus her car my car and motorcycle, although she may have some savings .

The kids are 18 / 16

My 18 yr old is off to uni in sept and my 16 yr old has left school to start collage .

The mortgage is £120,000 and the house is valued at 308.000

I have offered her 60/40 in her favour + 100 pm for my daughter until she is 19
and 150 a month for my boy 16 until he starts work

Of course no doubt I will be
Paying much more but directly to them as you do !

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

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