Hoping someone with experience can provide some advice on what the Court may decide as a property settlement in my case.
Married 25 years, with no children. We separated a year ago and have been trying to agree a financial settlement since. Many delays from her side, including agreeing and then reneging on agreements on three separate occasions.
We came into the marriage with virtually nothing, but now have a substantial asset pool, including a fully owned house, super and cash at bank. I can prove, via tax returns that I provided 75% of the income to the relationship. The income disparity is because she has taken several career breaks and has only ever worked part-time. I have also provided most of the non-financial contributions and did most of the work around the home.
Since separation I have provided most of the financial contributions and am now paying for all of the joint household costs (we are separated under the same roof).
Based on the above, I have been seeking a small percentage split in my favour, but my ex-wife is holding out for a split in her favour, arguing that it starts at 50/50 and then she has ‘special needs’, as she is on a lower income. This despite the fact that her settlement will be substantial and she is on above average earnings. She refuses to settle on anything less than a split in her favour.
My solicitor says it could either way and I’ll be taking a risk if I file for Court orders seeking a split in my favour, plus the extra time and cost to resolve. But I can’t bring myself to offer her more than 50% of what I mainly earned. Plus any more than 50/50 and I will lose any chance I have of buying her out of the home.
Any thoughts? Does anyone have any experience of cases where the greater contributor was looked after by the Court? Or is 50/50 the best I can hope for?
Married 25 years, with no children. We separated a year ago and have been trying to agree a financial settlement since. Many delays from her side, including agreeing and then reneging on agreements on three separate occasions.
We came into the marriage with virtually nothing, but now have a substantial asset pool, including a fully owned house, super and cash at bank. I can prove, via tax returns that I provided 75% of the income to the relationship. The income disparity is because she has taken several career breaks and has only ever worked part-time. I have also provided most of the non-financial contributions and did most of the work around the home.
Since separation I have provided most of the financial contributions and am now paying for all of the joint household costs (we are separated under the same roof).
Based on the above, I have been seeking a small percentage split in my favour, but my ex-wife is holding out for a split in her favour, arguing that it starts at 50/50 and then she has ‘special needs’, as she is on a lower income. This despite the fact that her settlement will be substantial and she is on above average earnings. She refuses to settle on anything less than a split in her favour.
My solicitor says it could either way and I’ll be taking a risk if I file for Court orders seeking a split in my favour, plus the extra time and cost to resolve. But I can’t bring myself to offer her more than 50% of what I mainly earned. Plus any more than 50/50 and I will lose any chance I have of buying her out of the home.
Any thoughts? Does anyone have any experience of cases where the greater contributor was looked after by the Court? Or is 50/50 the best I can hope for?