We have been separated 12mths but still haven’t sorted out dividing assets.
My ex currently still pays the mortgage I’m responsible for everything else.
We have shares that are put against my income. And dividends split.
At this stage I feel I’m better off not pushing for a settlement as financially I’m better off, but it enables him control over my life. If I refuse any of his requests he cuts off financial support, but current circumstances are better financially. How long before I need to legally finalise things which will include selling our house, do I have to make claim.
It’s worth writing everything that you have down and seeing what equity you have between you. Depending on who is the primary carer of the children, the options available to that person on a career basis, you may be surprised at what youre entitled to.
I couldn’t afford the mortgage on our family home but I paid my ex’s rent while he covered the mortgage and gave me child support, but his sense of entitlement around access to the house made it unbareable for me. I tbink he would have liked to remain in that situation but I needed to cut him loose. I went to a lawyer with a breakdown of what we earn and who does what and got enough for a decent deposit on my own home. It’s smalller but it’s mine and the peace of mind that comes with him not having a key is totally worth it!
Following on from these comments, I agree that you should get some professional advice around your super.
We have partners called Divide. They are Chartered Accountants who specialise in financial settlements and the absolute best people to advice you on super around separation, if only to advise you to tie up some loose ends. The best thing is that they will work with both you and your ex so you don’t need lawyers – and the cost they involve. Anyway, you can book a completely free chat with them via there website here:
Definitely sort it asap. You don’t want him claiming a bigger percentage of the house because he’s been paying the mortgage for a year. Also, that is considered a form of financial support according to child support.
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