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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 32086
Experience:  Over 5 years in practice
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What are the financial implications of legal separation

Customer Question

What are the financial implications of legal separation
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.
Thank you for your questionMy name is ***** ***** do my best to help you but I need some further information firstHow long were you living together?What income do you have?Do you wish to be divorced?
Customer: replied 1 year ago.
Thanks. Married 20 years. No dependent children. My income - fixed NHS pension £40K. Continue working - part time approx £50K (Had'nt planned on working much after retirement). Unsure about divorce-- initially very unhappy, but now wife seems to be changing mind. I don't think that we can now reconcile after 10 months apart . She's with old mother in Brecon S. Wales - I'm in Durham. Most of my working income goes on supporting her, rent for her house and my legal bills. I can't carry on like this and wonder if financially I'd be better off making a clean break and doing a bit of saving again.
Expert:  Clare replied 1 year ago.
What is the capital position?
Customer: replied 1 year ago.
House £300K no mortgage (joint names), savings , ISA's. Etc about 200k, not crystallised SIPP £250k all in my name. She's on benefits due to alcoholism + drug addiction and has no sig assets. Andy
Expert:  Clare replied 1 year ago.
Would you be looking at a 50/50 division of the capital?
Customer: replied 1 year ago.
No . Not at all. I simply want to understand what the processes are, what I might be expected to pay/contribute and what my liabilities might be. She had initially indicated divorce, but seems to have changed her mind. She's going on about buying a small house for herself, whilst remaining married. However, as I initially indicated current arrangements are being funded by my continuing to work, and I get no benefit.
I f we start this legal separation is it simply a matter of my wife and I agreeing how the financial arrangements would work, or is ther any sort of legal precedent.
Expert:  Clare replied 1 year ago.
Where does she wish to live?