UK Family Law
UK Family Law Questions Answered by Verified Experts
We have been married for 17 years. Together for 20.
She will be the main resident parent as I work away often during the week. We will otherwise share care alternate weekends. Children are both teenagers.
Thanks for your patience.
If you put aside the issue of your wife's inheritance then it is a fair agreement that you have reached.
Sometimes inherited wealth can be included in the matrimonial assets pool if it is inherited prior to the breakdown and/or separation in the marriage.
As I'm sure you know there is a presumption that each party retains a 50% interest in the matrimonial assets during long marriage. This can be rebutted and it is most commonly rebutted in cases where there are young children involved and one parent is to have residence of the children.
Your wife would probably be advised that she could attempt to negotiate a better percentage split for herself as resident parent so in this respect you are probably getting a slightly better deal than if she litigated via ancillary relief, but then in AR proceedings you may be minded to attempt to include the inheritance in the asset pool so you may take the view that this evens out.
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