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What happens to sole name bank accounts?

2 replies

buttonmoon78 · 13/07/2010 22:39

I think we're splitting up soon (as in earlier post). OH is the only earner and as such has dealt with the bulk of our finances. I don't have access to any of our ISAs or savings (though he'd say their his as it was his earnings that created them). Other than our house they're the only real assets we have. So... would I be likely to have a claim on them? Have read some conflicting advice on marital assets and am a bit confused.

Also, if I leave (taking kids with me) is that likely to affect my claim on our house? I only ask as if I'm going to do this, I'm going to need plenty of support. But my family live a 3 hr journey away and I have nobody else closer who I would rely on. They're 'our' friends not 'my' friends IYKWIM?

OP posts:
jamestkirk · 13/07/2010 23:17

hi - generally savings/assets and equity gathered afer cohabiting/marraige is classed as joint regardless of who earns the money that pays for them - especially true for married with children. it can be argued that any savings/equity etc held pre relationship should not be counted - tho paul mcartneys ex may disagree

buttonmoon78 · 13/07/2010 23:37

Ha ha! Well, I'd never model myself on her, that's for sure! Though I've never walked a day in her shoes so I shouldn't feel superior...

I'm just so confused. I'm 32, been married for 14 years, got a 12 year old, 10 year old & 3 year old. I've never really worked so feel totally useless and not at all positive about future prospects, workwise. I was so young when we married that I really have no idea who I am.

It's taken me a long time to admit that things are not going to get better, that I shouldn't stay with him for the children (they're probably better off with us apart but not yelling all the time).

I guess what I'm trying to say is that I have no idea where to go from here. I feel like I'm beginning my life again with three welcome but heavy burdens. I need to know that while I sort out my way forward we'll be able to exist on an acceptable level. I do appreciate this will not be a level I'm used to!

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