How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Clare Your Own Question
Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 34283
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
13262538
Type Your Law Question Here...
Clare is online now

i am divocoring the wife the house has £1ooK in equity bfore

Resolved Question:

i am divocoring the wife the house has £1ooK in equity bfore any deductions i will look after my 15 year old son and my 19 year old daughter. the wants to have our youngest daughter who is 10 and will be in december. i have said i will buy her out so my children can stay in the house and the youngest can come when ever she wishes how much do i have to give here ,she has told me that she wants £60k ,but when my is 15 why cant she work more than part time
Submitted: 3 years ago.
Category: Law
Expert:  Clare replied 3 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 other assets and debts are there and what income do you each have?
Clare
Customer: replied 3 years ago.
Hi my wife is on 12k and I am on 34k the assets are what ever in the house and I have said she can take what ever she needs
I have also said she can have the pension but she has said no our account is £1200 over drawn which I said I will clear and I am paying for the divorce ,hence why I am overdrawn we both have cars which are all paid for
Expert:  Clare replied 3 years ago.
HI
How much is your pension worth?
Clare
Customer: replied 3 years ago.
At the moment down to 25k
Customer: replied 3 years ago.
It a frozen one from when I left my last job at the moment I do not have one waiting until divorce done and any money left may consider the 60 k will come from taking a additional mortgage of £60k on top the £100k which we have and will changed to me when is done hope it helps
Expert:  Clare replied 3 years ago.
Hi
Sorry is that the Cash Equivalent Transfer Value?
Clare
Customer: replied 3 years ago.
£23k
Expert:  Clare replied 3 years ago.
Hi
In that case a 60/40 split of the equity in full and final settlement of all claims is not an unreasonable outcome - and is one that the court might well impose.
I would expect any spouse maintenance claim to be dismissed as well.
I hope that this is of assistance - please ask if you need further details
Clare
Clare and other Law Specialists are ready to help you
Customer: replied 3 years ago.
What is spouse maintance
Expert:  Clare replied 3 years ago.
Hi
Money you pay her for herself - not likely on this basis
Clare