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Hi everyone,
We are in the process of discussing our finances before the divorce and was wondering if anyone has any opinions as to whether the below would be considered a fair split of assets.
We have been married for 15 years and have 3 fantastic boys (14, 12 and 10)
Assets value (House, cars, savings etc) - £484000
Split -
Wife - £282000
Me - £202000
Difference £80000 in favour of my wife.
We would both retain our pensions built up prior to meeting. My wife stopped working to bring up the kids so no pension since meeting and I would share my pension (built up after marriage) on a 50/50 bases. I have a teachers pension so this could be split into two pots with her allocated one pot.
We would both share childcare 50/50 with children living with both parents equally.
The reason for the increased asset split in favour of my wife is because:
She has lower potential income going forward (currently works 3 days a week but even full time her pay is roughly half mine) - £20K / year full time
She would need to purchase a 4 bedroom house outright (thankfully in our area she could do this with £282000 comfortably).
My split would mean I would need to purchase a 4 bedroom with a mortgage (£600+ per month) which would obviously impact on my monthly income (so even though I will earn more than her I would have far higher bills to pay).
I have not taken any legal advice yet but would like your thoughts on if this sounds fair. I think with these figures we would have a similar standard of living each afterwards.....which appears to be what the courts are looking at. Have I missed anything? Thoughts? Advice? First hand accounts?
Many thanks for any and all comments 🙂
hi,
that sounds very reasonable. if mother is primary carer of children, then courts would give her considerably more. would be good if you can both come to amicable agreements.
@dadmod2 Thanks Dad Mod 2.
We will be sharing the kids 50/50 and obviously both paying our own way with them. I have had quite a few people tell me that I am giving too much. They have said 50/50 assets and 50/50 on pensions accumulated during the marriage. Do you think this in reasonable? I do not think a judge (just gut feeling) would be happy going 50/50 on everything as her earnings are half mine so we will not be on parity (same as each other which I think is a large factor in judges decisions) after the divorce.
Do you have any experience of any of this?
Thanks again
@inthecold yes I have experience. if you need advice you can contact me. sending private message...
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