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Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34589
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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AFTER 38 YRS MARRIED IM 73 WIFE IS 70 HOW ARE THE FINANCES

Customer Question

AFTER 38 YRS MARRIED IM 73 WIFE IS 70 HOW ARE THE FINANCES DIVIDED I/E STATE PENSIONS/PRIVATE AND CAN SHE FORCE ME TO PUT THE MOBILE HOME ON THE MARKET AS TENANTS IN COMON
Submitted: 2 years ago.
Category: Family Law
Expert:  Clare replied 2 years ago.
HiThank you for your questionMy name is ***** ***** I shall do my best to help youHow much are the assets worth and what income do you each have?
Clare and other Family Law Specialists are ready to help you
Customer: replied 2 years ago.

THE HOME IS POS WORTH 90 THOUSAND BUT WE HAVE TO GIVE THE SITE OWNER 10% WHEN WE SELL MY STATE PENSION IS £700 PER MONTH SHE GETS £288 PER MONTH I GET £2700PRIVATE PENSION EACH OCTOBER SHE GETS £84 PER MONTH PRIVATE PENSION FROM CADBURYS

Expert:  Clare replied 2 years ago.
Hi
Is the Private pension £2700 a month?
Clare
Customer: replied 2 years ago.

£ 2700 IS PER YEAR AFTER TAX BEFOR TAX IT WOULD BE£ 3090 ONCE A YEAR

Expert:  Clare replied 2 years ago.
How much would a one bedroom property in the area cost to buy?
Customer: replied 2 years ago.

£125000

Expert:  Clare replied 2 years ago.
If she does force a sale where does she intend to live?
Customer: replied 2 years ago.

SHE THINKS THE COUNCIL WILL RE HOUSE HER I DONT THINK SHE CAN CLAIM ANNY OF MY STATE PENSION IT IS THE PRIVATE PENSION OF £ 2700 PER YEAR I WORRY ABOUTAND WHERE I WOULD END UP

Expert:  Clare replied 2 years ago.
Hi
You both have private pensions - but her is worth less than yours which COULD mean that you will have to make a token monthly payment - but instead it is more likely that she will get a slightly larger share of the equity in the mobile nome - say 55% rather than 50%
I am afraid that she can force a sale of the mobile home so that you both have your own capital - and you are both eligible to be rehoused by the council
I hope that this is of assistance please ask if you need further details
clare
Customer: replied 2 years ago.

THANK YOU FOR YOUR TIME AND EFFORT MUCH APPRECIATED

Expert:  Clare replied 2 years ago.

You are most welcome - I hope all goes well