Hi
I've been separated for almost 2 years, have 3 DCs (3,5,7), split due to his drinking. Left the marital home, set up with the DCs 65miles away, as closer to my family. Now have good job, and trying to finalise things.
I was on the brink of signing the separation agreement when I noticed a clause stating I was to assign our joint term assurance over to ex. I didn't understand this so I took advice from an IFA.
The IFA was shocked that we're not including pensions in the equation, and stated that due to my ex earning more than me for the duration of our marriage the potential financial difference was substantial.
At present we haven't included savings or investments ( again I know my exes were more than mine), the only thing we are doing is splitting the equity on the house, and my ex is taking on the mortgage. We agreed on a settlement if £80000, and monthly maintainance of £1000.
I wanted an easy solution, and now I'm reconsidering. From what the IFA says the difference in pensions could be £100000, and I should get half of this.
He worked it out as we're both on an nhs pension, ex earning £100000, me earning £50000 for our marriage.
My ex is canny with money and I would estimate his savings as £150000. Mine are about a quarter of this.
Have I sold myself short? Should my solicitor have advised me to pursue this more aggressively?
Thanks for your advice.
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Divorce/separation
Splitting of assets - and pensions
4 replies
RedRosy · 09/02/2013 10:55
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