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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

splitting savings when separating

4 replies

Tinytigertail · 15/08/2022 12:34

DH and I are separating after 25yrs of marriage. We are currently still living together, with DH talking of renting somewhere. We need to split our finances while he is still here, as we have a joint account. In terms of savings, we have around 100K, all relatively easy access. My question is, if we split it now and take 50K each and my husband then spends his 50k (not beyond the realms of possibility) can he come after half of my 50K in the divorce settlement?
I don't want to stitch him up, but I do need to protect my assets. We have 2 children, the youngest of whom is 16, so the plan is for me to stay in the family home until A Levels are done. I would really appreciate any advice you can offer.

OP posts:
TeeBee · 15/08/2022 12:38

I'd wait and do it as part of your finance order. You might be a portioned more than 50%. Talk to your solicitor. Don't be pressure to hand over anything until everything has been agreed

RB68 · 15/08/2022 12:42

Def consult a solicitor especially if you are staying in the family set up - it may be debatable when the point of separation is which would effect the decision making on who gets what etc

Tinytigertail · 15/08/2022 14:55

Thank you for your answers. I'll find a solicitor and get some advice.

OP posts:
2022NewTimes · 15/08/2022 18:44

@Tinytigertail - When I was separating I got legal advice as was told to take 50% now - show proof of the total before and after you have taken your 50% - if he spends it thats his problem......

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