Please we could really do with some advice.
A friend of mine is getting a divorce, but I wont post all the gory details as it doesn't really affect things financial. She will be getting a solicitor (though he wants to sort it out without involving them).
So the big question is what is she entitled to, they have one daughter who is just 3. They both work, he works longer hours but she earns more money. We both believe he has to contribute 15% of net salary to support the daughter, which shouldn't be a problem.
1st question: What about the equity in the house, what is the usual split?
2nd question: She wants to move abroad to be with all her close extended family. Her parents moved here years ago with her but have now returned to their country. There is a good quality of life there, cheap property prices & all of her family. Can she? Can he stop her? Obviously he doesn't want to lose touch with his daughter.