The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

Need help on finances

  • AGF
  • AGF's Avatar Posted by
  • New Member
  • New Member
More
18 Aug 16 #482656 by AGF
Topic started by AGF
Hi,

I am a 36 year old man and divorced for more than 1 year now. My marriage lasted for just over 3.5 years. My ex and I are both professionals. My ex invited me for mediation on finances and is proposing that during marriage she was earning more than I did and needs that excess money that she brought in be paid back to her. When we separated we had similar savings with no assets and kids involved. During marriage I had to bear expenses of my mom's hospitalisation abroad as she was critically ill and later died. Also, I supported my parents financially as they had no source of income to support themselves. My question is whether her claim is valid. She is still working and probably earning more than me. Please advise.

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
18 Aug 16 #482657 by WYSPECIAL
Reply from WYSPECIAL
She wants the extra money that she earned, and is spent, refunding to her?

  • AGF
  • AGF's Avatar Posted by
  • New Member
  • New Member
More
19 Aug 16 #482669 by AGF
Reply from AGF
Yes... Precisely....

  • MrsMathsisfun
  • MrsMathsisfun's Avatar
  • Platinum Member
  • Platinum Member
More
19 Aug 16 #482671 by MrsMathsisfun
Reply from MrsMathsisfun
Marriage is considered an equal partnership, don't think she will get far with her claims.

In a short marriage, it is usual each party to take out what they put in and share equally any profit from the marriage.

  • verybusymum
  • verybusymum's Avatar
  • Senior Member
  • Senior Member
More
19 Aug 16 #482693 by verybusymum
Reply from verybusymum
How big the difference in the contributions is? How was it spent, on the general lifestyle (non-recoverable - holidays, etc) or on something that still has an intrinsic value (property, car, etc)?

There is such thing as a stellar contribution concept, but it is applicable, as far as I understand, in the cases where the contributions are grossly asymmetrical.

Also, short marriage means more chances that her contribution-based claim could stand in the court. For example, if a property was purchased during a short marriage with mainly her funds/income, I believe the court will be inclined to award her a lion's share of it.

  • AGF
  • AGF's Avatar Posted by
  • New Member
  • New Member
More
19 Aug 16 #482694 by AGF
Reply from AGF
It wasn't spent on any asset or property. It was spent on hospitalisation expenses and household expenses of my parents. No property, assets, car involved.

  • verybusymum
  • verybusymum's Avatar
  • Senior Member
  • Senior Member
More
19 Aug 16 #482697 by verybusymum
Reply from verybusymum
Sorry to hear about your mom.

I guess it really depends on the amounts spent, the difference in contributions and how that compares to the earnings/ savings, including future potential, of both parties.

It is one thing if the hospital and household bill was a couple of thousands, dwarfed by a six-digit salaries of both parties. It may be a bit different if she was earning 50K, you were earning 20K and the bill was for 100K.

Is there any reason for her to believe that you now may have any inheritance from your mother's estate?

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.