H and I have (amicably) agreed to split up.
Can someone advise me of what I need to do now. It is currently friendly and I don't want to get "all legal" on him (and obviously want to spend as little as possible on legal fees) but I also want to make sure financially that ds and I are ok.
H will leave the marital home and rent nearby. He is happy to see ds 1-2 nights a week and I think we could agree this between us comfortably. Emotionally I think ds will be ok. He is only 3 and as things are amicable and we are both focused on him I am confident he will be ok. If anyone does have any advice about what to tell a child of this age I would appreciate it though - I will google.
I can pay the mortgage by myself (he says he will want some equity out in 2 yrs when it's time to renew mortgage but I can review then what i can afford I think...)
In the meantime I want to be clear about what happens financially. H seems to think we just split everything 50/50... Is this right? We have no joint savings as its all on our house (£140k equity and £260K mortgage) but I have about £20k worth of shares in my name, (bought while we were married), £5k in an ISA and he has £5k in an ISA.
The equity in our house was contributed by both of us. (more by me as I had an inheritance before we were married and got £40k through redundancy though I assume this is "ours" as it happened when we were married.
I am freelance and have about £20k in my business account.
I am moving to a permanent job in sept and will earn around £50k. H earns around the same (though I'm not sure exactly how much).
Is it just as simple as a 50/50 split and he pays me what csa recommend for ds?
H is a very reasonable man however his parents are not - they already 'blame' me and FIL is an ex financial bod so I can see them getting involved so I want to have things straight in case it gets ugly...
I will be making appointment with solicitor on Monday!
Thanks for any advice.
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Divorce/separation
Agreed to split - what happens now?
2 replies
seagrassandshells · 09/06/2013 08:46
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