Savings since Separation

[Jamkan29]

I separated from my husband last July and got myself a job quickly so I could start saving up for the future of me and my three kids. We are going through mediation and working towards financial disclosure and my savings have obviously come to light. My ex is now asking for half of my savings. As these have been accrued since my separation from my own income am I obligated legally to give him half of my savings?

Watching with interest as I have a similar issue. We both had the same savings (25k) at separation ex blew the lot and is probably in debt now, I have managed to maintain mine less some legal expenses. Ex thinks they are entitled to half on my savings and is taking me to court!

We agreed to separate finances and assets as of the day he moved out, excluding house value. You can agree what suits you if you agree

The issue is more what the judge is likely to decide given that we are both being taken to court.

@AustinRd not sure how far he’d get with a Judge. Do you have the statement showing his half leaving the account? Presumably he’s filed his statements showing that he’s blown them. I’d say that’s his problem not yours.

He’s only filing now 18m after he left. I have evidence of me transferring him 1/2 the savings when he left (I wanted him to have funds to get in with his life) He blew nearly £20k in the first 3 months of leaving so outside the 12m data we will need to submit. He has failed to engage or negotiate despite many many attempts by me and then when he finally responds it’s to file with court.

It depends..assets are generally split 50:50 but each parties needs are factored in so 50:50 isn't given. For example a lower earning party may need more savings to assist with a mortgage if the other party has higher ability to raise a mortgage.

So what is the equity, pensions etc.

The mediator should steer the process so that assets are set out then needs and that will lead to a financial settlement.

He gets nothng from after he left and until you divorce he gets nothng either. You might get 70 percent and the. You’ve gave him half.