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Savings in my name

  • SoonToBeFree50
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26 Jun 12 #339245 by SoonToBeFree50
Topic started by SoonToBeFree50

Was wondering if anyone could help.

I''m at the stage of thinking about divorce, not done anything yet, but definitely wanting out.

I am not working at the moment, and my husband has put quite a substantial amount of money in savings accounts in my name, obviously as I have the non tax payer advantage. At present this stands at £88K. He has savings in his own name too, the ones I know about have a total of about £40K, but there are others, I don''t know the amounts of these.

My question is, would this be classed as my assets when we come to sort financial agreements out? I have some savings of my own (£35k) but £25K of that is actually money for my two children given to them by their grandparents, and I am currently looking after it for them while I decide where to invest it.

Would be grateful for any help regarding this.


  • TBagpuss
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26 Jun 12 #339276 by TBagpuss
Reply from TBagpuss
The assets in your name, and in his, will both be classed as matrimonial assets so would be in the ''pot'' to be divided in any event.

But yes, if they are in your name they are yours in terms of what you must disclose.

You will also need to disclose the money you are holding for the children,

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