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Any divorce lawyers out there? I have a money question

2 replies

thenamehaschanged · 11/09/2010 21:59

Hope someone can help.

I need to separate from my husband of 8 years asap and eventually divorce and move on with my life. It has been years of stress and awfulness that just cannot be fixed unfortunately - especially as we have 2 young dc.

But - at the moment we have no money, just his monthly wage and rental income from our house that we rent out (which just covers it's mortgage). I am a SAHM and have been for the last 5 years.

However, he has his own company (he is one of 3 directors) which he has shares in. He started this business 5 years ago and probably the main reason we will be separating is because of all the stress and debt and family neglect on his part that this company has meant.

I plan on getting back to work asap. I now have my mum living nearby who will help with childcare which is great, but I won't be earning anywhere near what he earns.

So I'm worrying about my future finances as I would like to own my own home one day, grow some savings etc.

If we separate now, will I still be entitled to an agreed, fair amount of money from the sale of his company in a couple of years or would I be forfeiting all of that and had better just get used to the idea of being penniless Confused?

I'll be wanting to sell our house in the new year I think, but I doubt we'll get anything much for it - possibly £10k if we're lucky.

Any help really really appreciated as I do not have the money to consult a solicitor just yet!

Thank you

OP posts:
STIDW · 11/09/2010 22:38

First of all I'm not a family solicitor, but I'll give it my best shot. Businesses and divorce can be quite complicated and it is a good idea to see a family solicitor early on to find out where you stand and what options there are given your individual circumstances.

The first thing to establish is valuations. A business may have no or little capital value and the value can be the income generated. Either way the business will be taken into account along with all the particular facts of your case.

babybarrister · 12/09/2010 20:08

This reply has been deleted

Message withdrawn at poster's request.

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