Ex’s father extremely wealthy (millionaire) - impact of financial settlement?

[Nearlyalldone]

Hi all,

Just wanted to check something with you. Currently at the beginning states of divorcing my ex and getting the documentation for the financial settlement prepared.

My ex’s father is a very wealthy businessman (millionaire). He’s at retirement age but continues to run his business.

Does my father-in-law’s wealth have any impact on our financial settlement? I’d very much like to stay in the family home with the children (I have a ‘lives with’ order for them and they are in my care the majority of the time). It would be possible for me to remortgage to buy my ex out but this would leave me with very tight finances. My ex earns at least £20,000 extra per year than me, receives bonuses/shares, has significantly higher savings… and has a dad who is a millionaire(!) and is very likely to help my ex out with purchasing a new property.

Thanks for your help

You want your ex husbands fathers money to be taken into account in the settlement of your divorce?

His dad’s wealth has nothing to do with you.

Why the hell would your ex father in law’s money be taken into account?!

Are you having a laugh?

No, your father in law is not a party to your marriage so his money is not a marital asset. Maybe you should have married the father in law if you wanted to get your hands on his money?

No of course it doesn't

Only finances which matter are yours and those of STBX

What theoretical gifts your STBX might receive in the future is not something that would be considered

This.

Is this true?
Do you really think that should be the case?
☹️

Wow. Do you realise how badly that question sounds. Why would you think you’re entitled to an old man’s money just because you’re divorcing his son. I’d be banned for using the words I’d say about a DIL or SIL that had that attitude towards my money.

Not exactly - I don’t want any of my father in law’s money.

I just wanted to know if there’s an impact on my financial settlement in regard to my husband’s future housing needs. I can skink myself to buy him out of the family home, however, my ex doesn’t need my money to purchase a new property because his dad would be very likely to give him money to help him buy a property. I’m trying to say that he doesn’t need his share of the equity from the family home to rehouse himself because he has access to funds from his dad.

Let me get this straight... You think you are entitled to benefit from your soon to be ex-FIL's wealth? Fucking hell.

Grabby much? Jesus! YABVVU.

The financial agreement was made between you and him when you married. What his father chooses to give him is nothing to do with you or your divorce.

It doesn’t work like that.

Whoa - hold your horses people! I don’t want my father in law’s money.

My question was about my ex’s future housing needs after our divorce. He doesn’t need the equity from the family home to rehouse himself. He earns significantly more than me/has more savings than me and his dad would help him to buy a new property. For context, his dad recently bought a house for my sister in law after she married a few years back.

What if his dad doesn’t want to buy him a house?

why do you think that his has less right to his own assets just because his Dad is wealthy?

Someone being a millionaire on paper doesn’t mean that they have cash available to buy whole new houses for other people.

He might be a bit kinder than he needs to be in a negotiated settlement, but a court wouldn’t take it into account.

It’s a divorce not the great redistribution of wealth for the glorious revolution. His future life doesn’t have to be fair with yours.

Thank you. This is what I wanted to know. I wasn’t sure if the court’s would consider my ex’s wider financial context in the divorce settlement.

All of his current assets including shares, pension,savings etc will be taken into account in the 50:50 split of assets (once debts are subtracted). That's it.

What happens afterwards with gifts is nothing to do with you.

Thank you. This is what I wanted to know. I wasn’t sure if the court would consider my ex’s wider financial context in the divorce settlement

My ex was in the same position as yours and no, it wasn’t a factor, never occurred to me or anyone else that it should be. When the old man died, ex inherited almost £1m but them’s the breaks.
DBiL’s exW thought like you and spent thousands on lawyers trying to make a case that in the unlikely event of a potentially valuable asset of MiL’s being crystallised and that the unlikely but potential value being shared between her children upon her death (she was still alive at this point), she should receive her imaginary “share” at the time of the divorce.
No. Not going to happen.

You do.

You want more of your husbands money and for his father to pay him.

His father has no obligation to fund any of your stbex lifestyle . Likewise you expecting a bigger portion because he has a rich Dad.

Thank you. This is what I wanted to know. I wasn’t sure if the court would consider my ex’s wider financial context in the divorce settlement.

By the way, I was simply asking a question. I’ve been working through my financial documentation and it occurred to me to ask. Please don’t lump me together with your ex-SIL. I don’t want my father in law’s money.

An imminent inheritance might do as it may impact the ability to house himself. But that’s a big night.

A future possibility of one, wont. All the father has to say is that he isn’t leaving anything his son and has no intention of helping him out. Even if he is and does a few years down the line.

20k may not be significant. If you earn 100k and he earns 120k that’s not a huge difference. Depends on what you call significant.

Also all assets should be in the pot. Including both your savings and pensions. So that’s a plus.