This is long sorry!
Divorcing a controlling man. We have three kids in private school and 600k of equity in an 800k house. He works in his family business.
There are two trusts:
- trust 1- has always paid the kids school fees. This stopped in 2020 (just before we separated). All the income is now diverted to his father “for tax reasons”.
- trust 2- owns shares in his family company. Pays his income (77k last year, historically ~96k)
he’s submitted letters to court from his accountant saying that his income will reduce next year. We’ve just done FDA. Fdr in October.
he pays nothing towards kids expenses because ‘he’s paying the school fees’. So I fund everything, uniform, clothes trips etc.
He emailed me in April to say he’d given notice to school in case we needed to take them out but that it wouldn’t be necessary if I agreed to his offer (200k equity - not enough for me to buy anywhere) I have a very low income.
I said we likely needed to take them out and we agreed I would look at other schools.
ive now found my daughter a place at an outstanding state grammar and the younger two places at an outstanding primary. The kids are a little disappointed but okay.
email went to solicitor - answer comes back: no you can’t move them, I’m paying from my income and I don’t want them to move.
On 77k a year after paying school fees and child maintenance he would have £500 a month left over to house himself and pay essentials - clearly it’s not possible. So I guess he’s planning to argue to use house equity to pay school fees or he will hugely increase his income after the consent order. Shafting me basically.
What are my options? I feel totally blind sided. Can he argue he can pay when he’s submitting stuff saying next year his income will drastically reduce and the figures don’t actually add up?!