Quote:
Originally Posted by Nick_uk.
Thanks .. What about personal savings.?? I will speak to a lawyer..
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Personal savings are the same. If they are amassed during the M then they will be split 50/50. Same with the pensions. If you were paying into private pensions then you need a CETV that covers the duration of the M. Then a calculation is made and if there are sums owing (either you owe your W or your W owes you) then this is treated as a liquid asset and has to be paid.
Debt is slightly different. If there is debt that can be seen as marital debt (for example, if you renovated your house) then this debt is also equally shared (you pay half, she pays half) but if the debt isn't a marital debt (e.g. your W spent £10k on handbags) then this debt isn't shared and you aren't expected to pay for it.
Also, you need a separation date. Doesn't matter if you still live at the same house. With a separation date then any monies amassed
AFTER that date do not count in the financial separation.