financial settlement....help

[rednailpolish]

My ex's solicitor would like me to produce my monthly outgoings and income so that "she can finalise her advice to him re financial settlement"

is this standard practice?.... My solicitor asked for all the usual financial disclosure stuff... ie house valuation, pensions, investments, bank accounts,

My ex has conveniently held off providing anything during the last 6 months, and now that he is on a part time contract is suddenly keen to get on with it!! surprise....

I guess my question is do i have to provide this information? I thought we were looking to sort out a fair split of our assets and i'm not sure how compating incomes and outgoings really helps..... unless he's trying to play games

what do you think

[purplewithred]

Ask your solicitor. His solicitor should be asking your solicitor, not you directly. I don't remember ever discussing this during my divorce but I may be wrong.

[rednailpolish]

i know that.... but he's playing games...basically he doesnt want me using a solicitor so that we can keep costs down... interpretation: he thinks I'm an idiot and will just do what he wants without proper advice

[Xenia]

We didn't as we still lived together, everything was joint and had total access to and knowledge of the other's affairs. However they can ask and I think you have to reply if you and he cannot agree the sums instead which is of course much better and easier if you can. The lower earning spouse eg my ex husband is entitled to be kept to the same standard as before the divorce if money allows so eg if he had expensive hair cuts before then after he might need money to ensure that continues etc etc

Surely he will basically know this anyway so it does not much matter if you tell them unless you are keeping 3 young male lovers or buying £1k shoes every month I suppose.

Which of you earns the most and which will be paying to the other after the divorce?

[MOSagain]

It is routine for both parties to have to provide a list of their monthly outgoings. Many solicitors will require both parties to provide financial disclosure by means of a Form E financial statement which sets out all the relevant financial information include capital assets, savings, income, outgoings and pension CETV (cash equivalent transfer value). A form E is not a particularly user friendly form for a litigant in person and therefore sometimes it is not requested by a solicitor and they will accept the information in another form.

If however you cannot reach and agreement and it is necessary to commence proceedings then you will both need to prepare Form Es.

[olgaga]

There's an outgoings spreadsheet here which is helpful.