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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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Matrimonial property

  • aqua09
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12 Feb 08 #13684 by aqua09
Topic started by aqua09
My wife left me just after the New Year. She was due to go to a friend's wedding in Turkey and just never came back. We bought a property over there off plan 12 months ago and it seems she fell for a Turkish guy back then and was just waiting for the opportunity to go. She has left both children 6 and 10 with me and says she has no interest in custody. They are currently living in our Turkish property whilst I continue to live in the family home and pay all bills without any contribution from her whatsoever. We have total equity between the 2 properties of £140,000 and she seems to think a fair settlement would be for her to keep the Turkish property valued at around £70,000. Is this fair? We were married for 12 years and she moved into my property when we met I had a £43000 mortgage on a property worth £50,000 before we moved. To further complicate my parents gave us £35,000 to reduce our mortgage about 3 years ago.

  • mike62
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12 Feb 08 #13702 by mike62
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Aqua,

Doesn't sound very fair to me at all - you are the parent with care? And she just tripped off? Nope. Very least I would say ids a 65:35 split of property in your favour, plus she needs to contribute to the upkeep of her 2 children. If she earns money out there, she needs to be paying you 20% of her nett income. Else she needs to be thinking about giving up a chunk more of the equity split to compensate you.

It isn't that clearcut and you would need to post a lot of information up for someone to give you a realistic idea of what is fair, but her proposal just isn't.

Go take a look at the Wikivorce calculator - it will guide you to what is a reasonable settlement ballpark.

www.wikivorce.com/divorce/Divorce-Calculator-Start.html

Only put digits in (no £ or ,000) and don't use a decimal point.

If you can't make any sense, post again and someone will help.

Best of luck
Mike

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