Divorce Asset Split - Double Child Maintenance
Discussion
After some advice while I wait for my solicitor to book me in for an appointment. Unfortunately my marriage has hit the rocks, I found out she was cheating and a divorce looks very likely. She has already started saying she wants half of everything and monthly payments to help with the mortgage. I have a few questions maybe someone who has been through it can answer.
Info: married 10 years, been living in house in her name she bought few years pre-wedding, I earn slightly more than her, 1 17 year old child - hers lives with us, I have 2 other BTL- one bought pre wedding and one bought few years after - and a 20k personal loan.
- Will i have to pay maintenance for her or my stepdaughter, we both work full time and the stepdaughter received/still receives maintenance from her biological father.
- If she is entitled to 50% of the 2 houses in my name, do I get 50% of the one we have lived in for 10 years. I don't think she does because the home we live in is nearly mortgage free and is worth greater than the 2 BTL in my name.
This is in Scotland if it matters.
Thanks - and for those that are unmarried - never get married!
Info: married 10 years, been living in house in her name she bought few years pre-wedding, I earn slightly more than her, 1 17 year old child - hers lives with us, I have 2 other BTL- one bought pre wedding and one bought few years after - and a 20k personal loan.
- Will i have to pay maintenance for her or my stepdaughter, we both work full time and the stepdaughter received/still receives maintenance from her biological father.
- If she is entitled to 50% of the 2 houses in my name, do I get 50% of the one we have lived in for 10 years. I don't think she does because the home we live in is nearly mortgage free and is worth greater than the 2 BTL in my name.
This is in Scotland if it matters.
Thanks - and for those that are unmarried - never get married!
Is this one of those occasions when the male has the upper hand on equity in property?
Her house is now your house too.
The BTLs are 50/50
yes you will have to pay maintenance for the 2 kids.
Personal loan might get split too.
But I don't think she can keep 'her' house and take 50% of all the BTLs.
It wouldn't work like that if it was the bloke with the property, etc. so can't see why it would with you being the person with less in the relationship.
Her house is now your house too.
The BTLs are 50/50
yes you will have to pay maintenance for the 2 kids.
Personal loan might get split too.
But I don't think she can keep 'her' house and take 50% of all the BTLs.
It wouldn't work like that if it was the bloke with the property, etc. so can't see why it would with you being the person with less in the relationship.
davemac250 said:
Go to financial mediation.
She may get her eyes opened for her.
Sounds like everything in the pot and a 50/50 split.
This is what happened with my current partner and her divorce. All assets are listed, then it's all split. As for maintenance, it's down to how much you each earn, his much access you have and other things.She may get her eyes opened for her.
Sounds like everything in the pot and a 50/50 split.
My divorce was done amicably, even though she cheated. At the moment, I don't pay maintenance, but I have them 50% of the time and everything is split between us.
Every situation is different, I would get proper advice as I'm sure she will
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