Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Divorce/separation

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

Is there a way to protect my savings?

30 replies

Confusedandmarried · 05/10/2022 21:39

Hi, after years of putting my head u der the sand I am now on the path to divorce from a very depressed/potentially autistic husband who ignores me most of the time and when he doesn't he is emotionally abusive. He has always earned a bit more than me but gambled all his money. On the contrary I owned a flat before marrying and I always saved a lot after the marriage too. I now have about 50k on a saving account in my sole name. I already enquired a solicitor and I know that the flat will be considered matrimonial asset which is incredibly frustrating. In the years I went to progressively earn a bit more and we are now almost equal but he has about 10k savings. We own a property jointly. I do the 90% of childcare including using my annual leave to save up some money on the private nursery for our 2 kids. We saved about 10k pound with this alone. Saying this I really want to safeguard my savings. I know I need to disclose everything in my possession but I also read I need to provide 12 months bank statements. How risky would it be to move my savings to another bank account and wait an year from now before starting the procedure? He absolutely doesn't know or care about looking after money and I want to ensure a solid future to our kids. I would be hopeful we can agree with mediation help and avoid court. Thanks for your insight

OP posts:
bonzaitree · 07/10/2022 21:12

I don't think you can avoid him getting half...

Sorry OP. Asset sharing is what getting married means.

KangarooKenny · 07/10/2022 21:38

I once saw a tip on here, not sure if it’s good or not, but buy yourself some chunky gold necklaces that you can sell again later.

DenholmElliot1 · 08/10/2022 11:54

KangarooKenny · 07/10/2022 21:38

I once saw a tip on here, not sure if it’s good or not, but buy yourself some chunky gold necklaces that you can sell again later.

You still have to declare it, as its an asset.

LittlePinguin · 08/10/2022 13:07

If you come to an agreement on how everything is split up between you then no bank statements need to be shown and you declare whatever you declare. You can get a financial consent order drawn done online for a few hundred pounds. If you can't agree then it's different however

LesLavandes · 08/10/2022 13:17

On Form E, you must declare ever

New posts on this thread. Refresh page
Swipe left for the next trending thread