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Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

How do these financial arrangements seem to you?

11 replies

ExtraFox19 · 30/06/2019 23:28

SAHM- contributes £600
Less to joint account than husband who works full time in fairly well paid medical role. What she contributes amounts to monthly mortgage repayment. Her money is from renting out her old home and she puts 75 percent of this into joint account. She supplements this extra food shops etc and buys all
Kids clothes, furniture etc. He sends £1000 to family abroad who need support. She paid entire deposit on house and for house to be done up. Upon separating she receives her original deposit back and profit split 50/50. She has not worked in years and has child with asd and toddler . He feels like he has been unfairly treated financially?

OP posts:
ExtraFox19 · 30/06/2019 23:31

The money he sent to family was from his own money but she was not allowed to ever question it. She bought lots of things constantly so that he did not get into trouble as she knew he had this responsibility. If she ever questioned it in any way she was made to feel like she was asking him to cut them off.

OP posts:
MMmomDD · 30/06/2019 23:47

There isn’t often a party in the divorce who is fully happy.
So - don’t worry about his feelings about things being unfair.

EileenAlanna · 30/06/2019 23:48

How much does he earn & how much does he pay into the joint account to support his own family? Is he sending £1,000 per month to these relatives? He sounds like a right CF to think he's been unfairly treated financially - he should ask those relatives he throws thousands at that he needs a hand out. The SAHM has been paying her way, basically using her entire income for her family's needs. Is she sure that's what he's doing with that money, not just squirreling it away?

Bouledeneige · 30/06/2019 23:50

In a long relationship it would just be 50:50 on total assets including pensions so it wouldn't matter who paid what.

ExtraFox19 · 30/06/2019 23:50

He pays just over half his earnings into joint account. He definitely sends money to his family but only£1,000, - a 5 th of his monthly income.

OP posts:
ExtraFox19 · 30/06/2019 23:54

So it would have been fair if he took 50 percent of proceeds of house sale even though he contributed nothing to deposit, has a stable high ish earning job and she cares for children full time with no break and money she put unto house deposit was her nest egg sbcfir children in future

OP posts:
SlightlyMisplacedSingleDad · 01/07/2019 09:04

This is all irrelevant. In a long marriage, it's irrelevant who brought in what, who paid for what during the marriage, or who sent money to their family. The starting point for division of assets is 50:50, which is then adjusted for need.

You need to reframe the conversation. Start from 50/50, and then work out if that gives each party enough for the future, bearing in mind relative earning capacity etc. Stop arguing about who did what during the marriage, or contributed the deposit - the court doesn't care.

Musti · 01/07/2019 09:06

No, the woman has been treated unfairly. Get legal advice.

Cloudyyy · 01/07/2019 09:11

It should have been 50-50 from the sale of the house. So yes, I think he should receive half the deposit as well.

Idontwanttotalk · 01/07/2019 09:41

Hopefully there will be a legal contract in place protecting the deposit and the money for doing up the house which represented a %age of the house value at the time of purchase. If so then SAHM receives this %age of value of house before the balance of equity is split 50/50.

In the event of divorce, entitlement to % of each others pensions during years of marriage get taken into account, and assets including cash held by each party would be considered.

What about sahm's other property? Isn't the husband entitled to 50,% of any increase in its value during years of marriage? (Unless legally protected by contract prior to marriage).

newmomof1 · 01/07/2019 10:04

If he's on £5000 a month he'll cope just fine, I'm sure.
It's a hard life Hmm

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