Just wondering, not got to legal nitty gritty yet, but I put £40,000 of my own money into our property many years ago. Now we will be selling, or me buying him out...
Do courts take into account my initial deposit or do they just split from here and now?
Thanks for any advice.
Yes about 14 years ago.
Children 15 and 11.
Unfortunately he is self-employed builder and I am on paper the higher earner.
He has a boat approx 40,000? That may be an asset?
Nothing else except MY teachers pension... which I believe he is able to go for half off.
We would only have about 50p each a week off that!
Oh well what''s money when you don''t have it ?
Modern marriages are viewed as a relationship of two equals. Where assets originated from becomes less important with the passing of time and generally the contributions of both parties are taken as equal.
Every case is treated separately according to the specific details. The welfare of any dependent children is the priority when splitting assets and in many cases assets are shared according to the needs of both spouses, in particular for housing. When there are enough assets to meet needs there may be arguments for exceptional contributions (eg assets brought to the marriage, an inheritance, assets accrued during a long separation by the efforts of one spouse alone) to be taken into account