[Solved] Ask your finance questions here

Hi Samantha,
My wife has now turned really hostile in the form of treats and demands of wanting the house or she will go for my military pension.
She keeps saying that she is only doing this for our daughters future however the way she is going about it is involving her family in this and since she has involved them she's just turned into b***h mode. I honestly don't know what to do now.
However she has now arranged for mediation even though when I suggested it she didn't want to do it at all.

Hi , I now have a court order I have my daughter on a 50/50 shared car arrangement week on week off. I’m I still liable to be paying maintenance I’m still paying full amount ?

Thanks Mojo I've only just seen these threads..

Hello . MJ7. I think it's been suggested you need to talk to your mortgage provider about going interest only? Are you already interest only or are you on a full repayment mortgage?
You might benefit yourself from some advice via StepChange . just to help prioritise your payments.
You situation is tough but you need to have a divorce settlement to have some clarity with your living arrangements.

Hari - your pension can be included as part of your divorce settlement -= so in some respects she is not being entirely unreasonable. I think the fact she's agreed to mediation is a good sign, keep us posted. It sounds like there is the possibility you could work something out.

Northerner45 Hi , I now have a court order I have my daughter on a 50/50 shared car arrangement week on week off. I’m I still liable to be paying maintenance I’m still paying full amount ?

Can I ask - has this arrangement come in after you agreed maintenance. If your circumstances have changed then I would imagine the maintenance would need to be changed to reflect this?
Can you clarify your question.

MikeHogg - If I buy a house and I'm not divorced is my wife still entitled to future purchases, we are separated?

Answer: do you need to buy a house now. Might be best waiting till your divorced settlement is agreed.

Hi yes I left my ex wife in November 2014 and I’ve always paid maintenance by standing order roughly around the amount I woukd if it was through child maintenance options. During this time I have had my daughter alternate weekends and school holidays.

This year I applied for a court order for shared care and managed to get this in court so I now have my daughter week on week off I have continued to pay full child maintenance as before.

So the question is I’m I liable to pay maintainance when we share 50/50 shared care ?

With a strict 50/50 shared care, then there is no child maintenance liability, but be warned that the CMS don't always see that it's true shared care, so keep a diary of the way the days are shared, that may help later on.

I keep finding mixed information about child maintenance and 50/50 shard care.

If I have a 50/50 parent plan, but the higher earner out of the two of us. Do I have to pay child maintenance?

I’m not against paying it by the way, it just changes some separation plans.

Also, if I was to make my ex a financial offer. Eg buy her out, pay off all our debt, give her extra money to buy a house. But get something written up to say there is no further financial request on each other. Will that been seen as legal or what do I have to do, to make it legal?

if it's true 50/50, then no you don't pay, but CMS can be hard to persuade that it is 50/50, expecially if your ex happens to get child benefit, and then claims that she is the parent with care.

I wouldn't make a financial offer - the CMS can override anything like that (they can override a court order for child maintenance after 12 months). I would suggest that you might be better putting a lump sum into some sort of savings or trust, and then paying her voluntarily on a regular basis. Might be worth getting some professional financial advice on this.