property and savings? We have a joint mortgage that I originally put money into to buy out her ex partner and the mortgage is in joint names. Due to a new business she has paid alot of the mortgage but I have been paying into her account to cover other bills and car payments. Id say she has contributed 70% more than I over the last 6 years. There is around 60-70k equity in the property if it was sold. When my grandpa died we were left some money and our son who is 4 was left £5k and my step son from my wifes previous relationship was given £1000. My Grandma then died and left us £5 and £1k for our son and £500 for my step son. Some of the money was spent on a holiday and the rest of it was invested in investment bonds. It hasn't made any money but that's by the by. We needed a new roof that my father paid for and I am paying him back for this. If we do split up i want it to be as amicable as possible but need to know if splitting everything 50/50 is the best option or if it got messy how messy could it get, what could my wife demand and what could I demand. Just really covering my back on this one, I know legal advice is a good idea but were not at that stage yet, but we could be. Any help would be great
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My wife and I may be getting a divorce where does the UK law stand on
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Princess_red
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the law usually says, whats yours is your. so if your son was given money its his. the hous will proberbly be split 50.50 however judges tend to favour whoever is keeping the child. expenses are seen as equal usually so it doesnt really matter whos paid what. as long as both names are on the motrgage there shouldnt be any problems, however it does depend on how the equity is split in the house.
again the bonds, its whosevers name on it but if its your money again it may be contested.
the house is a 50/50 split. i would make sure what your name is on and what hers is on. what names a re on any debt and reasign anything thats hers. she can have for example the sofa if she paid it from her own money however if its been paid for from a joint account, you both own half. ...
anything from a joint account its equal.
hope that helps
again the bonds, its whosevers name on it but if its your money again it may be contested.
the house is a 50/50 split. i would make sure what your name is on and what hers is on. what names a re on any debt and reasign anything thats hers. she can have for example the sofa if she paid it from her own money however if its been paid for from a joint account, you both own half. ...
anything from a joint account its equal.
hope that helps