I am currently trying to separate from my partner. We are not married.
We have a child together. I have been a SAHM for the 6 years since he was born. I am about to start work in order to support myself and our son.
We have a mortgaged house together. When buying the house, I put in a larger deposit and paid stamp duty and solicitors fees etc.
Until I had our son, I always paid 50% of the mortgage and bills.
My partner has always (since we met) earned at least double what I have.
When I start my new job, he will be earning significantly more in one day that I will in a whole week of full time work.
He has a company that consists of just him. He has no overheads as he either works on site or from home. I think that he pays himself a minimal salary and dividends as and when on top of that.
From what I know of him, he will have no intention of being reasonable when we split, something he is still resolutely saying will not happen.
I do not want to be at his mercy over anything once I finally get away from him, including child maintenance payments. I think that working full time and being very economical, I will be able to pay the mortgage and bills alone.
An idea I have had, which I think would be to his significant financial advantage, would be to suggest he sign the house and mortgage over to me and that be a clean break - I would not expect or want anything more from him in the future.
Is this a rational idea from any angle?
I can give details of actual figures if that would help, but as an idea, based on the initial deposits and the approximate current equity in the house, not counting selling fees etc and putting what he invoices into the child maintenance calculator, I have calculated that his share of the house would equate to 3.6 years of maintenance. In reality, he would likely make it look as though he earns less than 1/10th of what he actually invoices, so I don't know if my calculations amount to anything.
I do have an appointment with a solicitor soon, but I want to sort as much out for my self before hand as possible.
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Divorce/separation
Clean break vs child maintenance
5 replies
shrubbery · 02/03/2016 11:03
OP posts:
valL123 ·
03/03/2016 11:58
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