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Ask Clare Your Own Question
Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 34105
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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My husband & I have been having a torrid time in our relationship

Resolved Question:

My husband & I have been having a torrid time in our relationship over the past few years (married 37yrs) & I'm considering my options as to how separate/divorce. He is retired but I am still working full time to try & make up my pension years. I only have 20 full years due to part time working when children were growing up, where my husband has a full pension. Financially I will struggle to maintain a place on my own but my husband has considerable wealth tucked away so won't be a hardship for him. What would I legally be entitled to if we split?
Submitted: 2 years ago.
Category: Law
Expert:  Clare replied 2 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
What assets and debts do you each have - including the value of pensions
Clare
Customer: replied 2 years ago.
We own our own house & my husband has a pension of £20k a year. We have no debts but my car is currently on a 0% finance deal of £199 a month with a final payment of 8k due next year. My husband has recently purchased a car outright.
My pension valuation if I retire next year is 10k a year. We both have Isa's but mine is only 11k where my husband has a full Isa's along with investments worth around 150k in his name only.
I hope this helps.
Expert:  Clare replied 2 years ago.
Hi
How much is the house worth?
Clare
Customer: replied 2 years ago.
£350k
Expert:  Clare replied 2 years ago.
Hi
How much would a one bedroom property in the same general area cost to buy?
Clare
Customer: replied 2 years ago.
£125k
Expert:  Clare replied 2 years ago.
HI
Given the length of you relationship the starting point for the division of all the assets - including pensions is 50/50
Given that this will give you sufficient to house yourself it is unlikely that the courts will move far from this as you should then also have sufficient pension income
I hope that this is of assistance - please ask if you need further details
Clare
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