Separation advice

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freshstart26

New Member
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Hi

Recently told by wife marriage is over, 17 years, she has someone else

Family home, still living there. No mortgage
Investment property I inherited before marriage
Other investment property I bought before marriage
Final investment property bought with my inherited funds 20 months ago, both names

500k cash.

Can I just go and try to buy something closento school or would she claim it?
 
Last edited by a moderator:
Sorry this has happened to you.

You shouldn't look at buying anything until you have a settlement in place.

You don't mention children, if they are still in full time education, they will be the priority.

There's a lot of posts on this board in regards to separation and divorce; do a search & have a good read.

Then go and have a good walk & enjoy the bit of sunshine.
 
The end of your marriage is a traumatic event especially as you did not seem to have planned the split. From your comment about school it seems you have school going child(ren). Ensuring your children are well co-parented and are adequately catered for until they leave full time education (about 23) will be a priority for you both.

Given your list of assets I am guessing your main question is what is the least I can give to my ex while holding onto pre marriage assets and assets I got with inheritance money. You seem to be thinking let her have the family home and you purchase a new home close to the kids school for yourself and your kids. That seems very do-able and the next question then is, how to divide the rest of the assets, yours and hers. And the final question is maintenance until the kids are 18/23 if your income is higher than hers.

You might decide to offer her the house and a lump sum to cover maintenance and then keep all other assets. As your marriage is 17 years in length you may need to offer some other assets to get an agreement over the line. Going to mediation could work but if not and having a judge decide is expensive and protracted for both parties.
 
Clamball said:
Going to mediation could work but if not and having a judge decide is expensive and protracted for both parties.
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Just to clarify, these aren't the only two options. If mediation doesn't work then negotiations between the two parties advised by their respective solicitors can often come to some agreement which the court/judge will likely then rubber stamp. As opposed to the court/judge imposing terms externally, which they generally don't want to do anyway. The level of expense and protractedness will depend on factors such as how willing each party is to negotiate, the solicitors' fees, court scheduling, etc.
 
BTW, just to note that even if mediation works (and, if it's workable then it's probably the best way to settle marriage separation/divorce issues in a mutually agreeable way) that's usually not the end of matters.


The mediated agreement is not a legal agreement, however, you can bring this document to a solicitor to be drawn into a legal contract or deed of separation. You may also use it as the basis for a decree of divorce.
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