my friend is being divorced by his wife, he has two children, 20,24, he has left the family home, and his wife is in the process of divorce, he has given her the house, which is worth three hundred thousand, she has put a claim in for the pension,he pays her 500 a month, he owes no debts. his children have their partners living in the family home , and are all working including his wife, surely he must be able to support only himself after giving the home to his family ? can you please offer some advice as he believes this is normal.
The matter is entirely between husband and wife in this situation and the children (adults with live in partners) are quite capable of sorting out their own lives independently
What the H & W need to do is write down exactly what each has in terms of assets which have and individual value of £500 or more
They then need to look at each others income now and potential income for the future
Then look at each others future pensions and get a current valuation of it's worth.
Once all the relevant financial information is to hand, they would ideally look at a 50/50 split or if there is some imbalance on either side in replacement of pension rights then % can be adjusted accordingly
I would have thought that the best advice here was to go for mediation, whereby both parties can have their say on exactly how they want the matters to be settled
What the courts look to see, is that both parties leave the marriage in as equal a financial footing as possible, and therefore it should be relatively simple for them to work it out together.