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We have exchanged form e

(7 Posts)
industrial Thu 06-Feb-20 20:39:55

Total assets £800,000

So, am I right in thinking we have £400,000 each as a starting point?

Two kids, age 7&8. I want them to spend more time with me. Would I get more than 50%?

What comes first? The financial agreement or the childcare agreement? He wants 50:50 so he doesn't have to pay me maintenance but in reality I've been the main carer as I have a flexible job.

Please can someone try to put my mind at rest? I just want a starting point or worst case scenario so I can start planning.

Thank you

OP’s posts: |
Otter71 Thu 06-Feb-20 21:49:36

Provided that you have no liabilities, that should be the starting point.
But not all assets are equal. Depends on accessibility.
If there are some liabilities, they need to come off.
What are your respective earnings potential like? That will affect your needs and therefore your settlement.
Childcare and finances were all together for me.
Good luck

industrial Thu 06-Feb-20 22:09:25

We have £400k over two properties, one rented.
I have £100k pension
He has £400 k pension

OP’s posts: |
industrial Thu 06-Feb-20 22:11:32

Sorry, pressed too soon.
No liabilities and earn around the same.

I gave up a better career / job to have the kids. Would this be taken into account?

If the kids stay with me for more overnights do I get a larger share?

Thank you for replying x

OP’s posts: |
Underthefur Thu 06-Feb-20 22:28:45

OP I've recently concluded my own divorce with very similar asset valuations so just wanted to share what the outcome was.

The settlement took 3.5 years and two court appearances and we eventually agreed on 50/50, I've bought him out of his share of the family home, he's given me a pension share and he's kept two rental properties.

I have the DC 95% of the time, we don't have a regular contact schedule. This had absolutely no bearing on the settlement, he is just required to pay maintenance at the CMS rate.

It cost me a lot of money to get to 50/50, if you can agree this at the start I would seriously consider accepting it, especially where current and future earnings are similar.

Good luck

millymollymoomoo Thu 06-Feb-20 22:59:38

It’s Based on needs
If you earn about the same you don’t need more ( other than child maintenance)
50:50 could be a likely outcome
But you need legal advice

millymollymoomoo Thu 06-Feb-20 23:01:51

Oh and I just had initial consultation and similar total assets, we both earn about the same and children will be with me approx 60/65 %. Was told 50:50

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