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Thread: Divorce and money/pension - clueless!!!

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  1. #1
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    Default Divorce and money/pension - clueless!!!

    Hello,
    I'm going through a bit of a tricky divorce. My husband had an affair and left me a while back. He petitioned for divorce. The family home is in my name and the house doesn't have a mortgage (worth about £250,000.00). He has a private pension worth about £220,000.00 and his state pension is worth about £50,000.00. He has retired but doesn't draw from either pension. He has moved out and is renting and living off savings worth in excess of £130,000.00.
    All in he has assets of c.£400,000.00 and all I have is the house and a personal account with about £10,000.00.
    We have a hearing coming up. I have had legal advice on the position but I don't understand what I am entitled to and whether it's as simple as a 50/50 split - if so, then I keep the house and get half of his pensions and savings (minus half of what the house is worth)
    Does that sound correct - or are there issues over whether the pensions are actually available? Is it possible that I could have to sell the house and give him half the money and only get half of his savings in return??
    Many thanks in advance - anything that you can offer as help is much appreciated.
    No clue at all!!!!

  2. #2
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    Default Re: Divorce and money/pension - clueless!!!

    If there's a family home does this mean there are children involved?

    Di
    I am a Litigation Executive at Joanna Connolly Solicitors a firm which specializes in consumer credit. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

  3. #3
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    Default Re: Divorce and money/pension - clueless!!!

    Thanks Di, no children involved (well - there are but they've all left home now and are all married).

  4. #4
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    Default Re: Divorce and money/pension - clueless!!!

    Hi
    I'm currently going through this process and have completed form E, court form, which documents all income assets and debts, I suggest you start there and your ex will have to complete this too

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