Not sure why I’m finding this hard to understand. Separated 18 mths ago, 25 year marriage. Adult kids but still at home.
only assets, home and pensions -
we split the equity in the home , with me taking £15 k more to offset his first pension - I didnt have one when kids were young. Both still have a pension of equal ish size from same employer so we’re happy with that as it is.
That’s it, sorted. Amicably. I bought a 3 bed shared ownership, kids came with me , just 25% , and I pay rent on the 75%. No financial support from him - he pays their phones - but that’s fine. At time of separation I earned about 5 k more as he doesnt work a full year.
He rents a 2 bed and should have his equity share stashed away.
I’ve never felt the need for a financial order, we’ve agreed, we’re sorted .
but I have friends telling me I need something - a clean break order so no future claim on each other or on inheritance ( I will be due a small amount) etc.
I am conscious I made decisions on my employment post separation to make us ( me and kids ) more secure - so I earn quite a bit more now. He’s chosen to stay in lower paid position because of enjoying more leave.
Do I need to act ?? I do trust him but also know he’s not good with money and could get through his equity share before he can claim his pension - 3 years till 55 - or his sizeable inheritance happens.
it probs makes more sense for him to pursue it tbh, but I’ll be making no claim on his inheritance, even though I continue to support my ex in laws.
I guess I’m fearful of form filling, the cost and cos of the higher salary somehow losing out 🤷🏼♀️
Back for a freebie 30 mins I think . .