UK Family Law
UK Family Law Questions Answered by Verified Experts
Can you answer the following for me please?
1) When did you get married
2) Do you have any children and if so how old are they ?
given that it is a long marriage and your children are grown up the starting point will be the equal division of all the family assets (including the equity in the house.) The courts look at a variety of factors however which may tip the balance in favour of one of the parties such as the needs, responsiblities, earning capacity, contributions etc of each. I do not know of your wife's financial situation etc however the court will be looking to find what is the fairest distribution of the assets.Financial contributions are no longer seen as superior to non-financial contributions such as looking after the home and the children and in a divorce settlement the "whats mine is mine and whats yours is yours" philosophy does not apply. The courts have however been known to ring fence inheritance monies and distinguish it to a certain extent from the joint assets. Much depends however on the facts of the case such as how much there is to divide out to re-house both parties etc
You certainly have an argument in your favour as regards XXXXX XXXXX monies but bear in mind that the longer ago the inheritance came about the less relevant it may be deemed to be