Dividing the spoils

cyril_sneer · 02-23-2008, 10:16 PM

ANyone out there able to give me some advice on how the assets are divided after divorce?

We are in UK, so only advice from those who know about this please.

MArried 7 years
2 kids 2 years & 5 years
She will live in main house with kids.

what approximate split do people normaly look at?

60/40% in wifes favour?

Thanks

daredevil · 02-23-2008, 10:47 PM

I think it depends a lot on the situation and how much you've earned while being together etc, now I just talk from some big cases, where the problem was that the wife, or should we say ex-wife got the opportunity to say what she needed to "live" - if you know what I mean.

daredevil · 02-23-2008, 10:49 PM

You can read more here:

[Only registered and activated users can see links. ]

judyness · 02-23-2008, 11:14 PM

You should consult a laywer and maybe a financial planner to figure it all out.

Dako · 02-24-2008, 12:48 AM

If you divide things without a lawyer, you both benefit.
My ex and I decided keep what two lawyers would take.
In the U.S. that's a load of money.

judyness · 02-24-2008, 01:09 AM

Quote:

Originally Posted by Dako

If you divide things without a lawyer, you both benefit.
My ex and I decided keep what two lawyers would take.
In the U.S. that's a load of money.

lol true.

its actually that you get a lawyer if you two cant settle things on your own term. or if theres a lot of haste going on.

cyril_sneer · 02-24-2008, 11:39 AM

I hear that if the kids stay with the wife in the famile home, then the average split is between 60/40 and 70/30. Anyone know what factors influence the courts ruling on whether it's 60/40 or 70/30?

Cheers

judyness · 02-24-2008, 04:48 PM

Only take whats yours. What you had before the marriage is what you keep and anything you two gained together you split.

Minky · 02-26-2008, 10:46 AM

I live in the UK. Like you, married 7 years, two kids aged 2 and 4. We both work so I didn't need spousal maintenance. Kids maintenance is 20% of his income net of tax. We each kept our separate accounts, his had much more money in them.
Ex Hb and I agreed everything. We went for a 60/40 split roughly. We just agreed this as the kids are so young. If we had gone to court, I would have pushed for 70/30 or even 75/25...and I think I would have got it.

I get the house in it's entirety, he gets the flat that we bought about four years ago. I agreed not to go for his pension or savings. That worked out then, what with the equity in the flat, to about 40% of the value of our largest asset (the house). I kept the contents of the house because he can hardly leave his kids without a fridge or a sofa or a bed.

Lawyers fees on this agreed basis was close to £2000 for divorce and consent order. Which I'm actually disputing! I reckon about £1500 is reasonable.

If you don't have two properties, I would strongly advise you to go for a charge over the property to be realised when she sells at either the kids maturity (18 or 21) or remarries. Go for 40%. It means you won't see any money now but I suspect your house is your biggest asset. I think my hb regrets not doing this.

Hope that helps. Feel free to pM

cyril_sneer · 03-06-2008, 02:57 PM

Is it the final value of the assets that get split, or just the increase in value since you got married?

02-23-2008, 10:16 PM	#1
cyril_sneer Offline Member Join Date: Feb 2008 Location: UK Gender: Male Posts: 8	Dividing the spoils ANyone out there able to give me some advice on how the assets are divided after divorce? We are in UK, so only advice from those who know about this please. MArried 7 years 2 kids 2 years & 5 years She will live in main house with kids. what approximate split do people normaly look at? 60/40% in wifes favour? Thanks Last edited by cyril_sneer; 02-27-2008 at 03:04 PM.

02-23-2008, 10:47 PM	#2
daredevil Offline Bronze Member Join Date: Aug 2004 Location: heaven is close Gender: Male Age: 25 Posts: 430	I think it depends a lot on the situation and how much you've earned while being together etc, now I just talk from some big cases, where the problem was that the wife, or should we say ex-wife got the opportunity to say what she needed to "live" - if you know what I mean. __________________ With arms wide open! I'll show you everything..oh yeah

02-23-2008, 10:49 PM	#3
daredevil Offline Bronze Member Join Date: Aug 2004 Location: heaven is close Gender: Male Age: 25 Posts: 430	You can read more here: [Only registered and activated users can see links. ] __________________ With arms wide open! I'll show you everything..oh yeah

02-23-2008, 11:14 PM	#4
judyness Offline Silver Member Join Date: Feb 2008 Posts: 342	You should consult a laywer and maybe a financial planner to figure it all out.

02-24-2008, 12:48 AM	#5
Dako Offline Platinum Member Join Date: Oct 2005 Gender: None Specified Posts: 9,113	If you divide things without a lawyer, you both benefit. My ex and I decided keep what two lawyers would take. In the U.S. that's a load of money.

02-24-2008, 11:39 AM	#7
cyril_sneer Offline Member Join Date: Feb 2008 Location: UK Gender: Male Posts: 8	I hear that if the kids stay with the wife in the famile home, then the average split is between 60/40 and 70/30. Anyone know what factors influence the courts ruling on whether it's 60/40 or 70/30? Cheers

02-24-2008, 04:48 PM	#8
judyness Offline Silver Member Join Date: Feb 2008 Posts: 342	Only take whats yours. What you had before the marriage is what you keep and anything you two gained together you split.

02-26-2008, 10:46 AM	#9
Minky Offline Join Date: May 2007 Gender: Female Posts: 22	I live in the UK. Like you, married 7 years, two kids aged 2 and 4. We both work so I didn't need spousal maintenance. Kids maintenance is 20% of his income net of tax. We each kept our separate accounts, his had much more money in them. Ex Hb and I agreed everything. We went for a 60/40 split roughly. We just agreed this as the kids are so young. If we had gone to court, I would have pushed for 70/30 or even 75/25...and I think I would have got it. I get the house in it's entirety, he gets the flat that we bought about four years ago. I agreed not to go for his pension or savings. That worked out then, what with the equity in the flat, to about 40% of the value of our largest asset (the house). I kept the contents of the house because he can hardly leave his kids without a fridge or a sofa or a bed. Lawyers fees on this agreed basis was close to £2000 for divorce and consent order. Which I'm actually disputing! I reckon about £1500 is reasonable. If you don't have two properties, I would strongly advise you to go for a charge over the property to be realised when she sells at either the kids maturity (18 or 21) or remarries. Go for 40%. It means you won't see any money now but I suspect your house is your biggest asset. I think my hb regrets not doing this. Hope that helps. Feel free to pM

03-06-2008, 02:57 PM	#10
cyril_sneer Offline Member Join Date: Feb 2008 Location: UK Gender: Male Posts: 8	Is it the final value of the assets that get split, or just the increase in value since you got married?