UK Family Law
UK Family Law Questions Answered by Verified Experts
Thank you for your question
I shall need a little more information if I am to help you
What were the capital assets and how were they divided between them?
How much does your partner earn each month?
By capital assests do you mean the property? She took over the property and all the contents, he had the car (worth £18,000) which he sold in order to put adeposit down on a house. He also took over their credit cards debts of approximately £17,000 which we ae still paying. She was initially giving him some money towards the credit cards but this was only for a few months. His wages are variable due to bonus and share schemes. His basic monthly wage is roughly £2100 but some months this is higher due to shares and dividend payments (which she also gets as she works for the same company, just not to such a high degree) I don't know how this works out, whether you divide his annual salary equally - but then this wouldn't be fir as basic months we wouldn't have the 'extra' money so to speak. Likewise, it is completely dependent on the share price which can obviously rise and fall. Therefore I'm not sure how to work it all out fairly! His annual salary last year was approx £52,000 but this is likely to rise to approx £65,000 this year.
Her house is worth approx £130,000 but I don't know how much is left on mortgage. It was bought for £45,000 but think they re-mortgaged. I know she pays £520 month mortgage. The price of the shares ae variable on the stock market. He gets a yearly lump sum that varies depending on their value at the time. He received £15,000 last month. His house is on the market for £175,000, the mortgage is for £150,000 i think. His monthly payment is £870. We are hoping to get the £20,000 equity in the house we need to pay off their credit card debt
No, as he is a manger his shares are considerably higher but she has the opportinity to 'win' incentive shares based on performance. I couldn't tell you how many shares she owns compared to him. But as a guide, he received £15,000 payout last month where as she received approx £3,500. I don't know personal information such as her pension. Again, hers would be lower I would assume as she only works 20 hours a week compared to his 40
They were together 12 years, living together for about 10
my question is about the rights of a term cohabiting