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proudpaws
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Hi I was wondering if anyone could help me. I inherited some money just before my husband and I decided to split up, can you tell me if he is entitled to any of this money please?? the money was in my name only.

 

cheers

 

S

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You both have to produce a financial statement and mediate a financial settlement. Yes this money will form part of that discussion.

:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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Has the money been released from probate ?

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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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Your financial needs and his will be assessed according to your circumstances. Its a 2-way street (regardless of the grounds for divorce). Pensions, income needs, needs of children, assets - all have to be taken into consideration. Now, you and your husband might come to a perfectly amicable and acceptable financial settlement that doesn't include this money - I assume he doesn't know about it then?

:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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I imagine that would not usually constitute a marital asset, and hence not subject to redistribution on divorce. But it is relevant to your financial position and therefore is relevant to what kind of asset split is fair in the circumstances. For example, you are less likely to be able to argue that you should be allowed to stay rent-free in a joint-owned house if you have enough money to house yourself.

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yes the money came to me 4 years ago and we split up 3 years ago, I paid him with this money and he bought another place. we still haven't done anything about getting divorced, its all amicable and he knows everything about my financial position. it was just this conversation today with a lady who is just going through the same thing and her solicitor said that money is hers as it was left to her only. its just confused me as I think I may have now given my ex too much. My house is paid for in full, there is no mortgage.

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It sounds like you ended up with the house, so I guess you did get something for the money?

 

Its probably best to finalise the divorce. As you are happily living separate lives hopefully it can be done quickly, amicably and cheaply.

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Hello proudpaws.

 

Have you seen a divorce specialist about this? It sounds to me as if it might resolve things for you. Most firms will see you for an initial half hour interview without charging, so can see if they would be able to help you or if you would want to work with them. You could see two or three in your local area.

 

That way, at least you will know where you stand instead of having it hanging over you. I wouldn't go by the advice the other lady has had, because everyone's case is different.

 

To find a divorce specialist, you can look on the Law Society website for firms in your area, or the CAB may have contacts. But I would speak to specialists only.

 

A simple divorce shouldn't be expensive, especially as the financial side seems more or less resolved. You could ask this at the exploratory meetings too. :)

 

My best, HB

Illegitimi non carborundum

 

 

 

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Co-op are offering a fixed price. It's quite straightforward. Any family law firm will be able to help you. GL.

:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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Hello again.

 

I could be wrong, I thought to get divorced, the financial part had to be sorted out. I still think it's worth taking professional advice, it doesn't have to cost a fortune. :)

 

HB

Illegitimi non carborundum

 

 

 

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This is from the government website, with a link to the CAB. My bolding.

 

Arrange your own divorce

 

You may be able to arrange your own divorce without involving solicitors if you agree on:

 

  • the reasons for a divorce
  • how you’ll look after any children
  • how you’ll split up money, property and possessions

If you agree on these things beforehand, you won’t have to go to a court hearing, and the divorce paperwork should be fairly straightforward.

https://www.gov.uk/divorce/overview

HB

Illegitimi non carborundum

 

 

 

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The judge will still ask about financials and I believe a financial statement is still required. The advise is never proceed to Absolute without the financials being agreed. This to protect both parties. If you agree and the judge can see no co-coercion is involved it should go through smoothly. You must (should) engage the services of a family law solicitor who will word the application and court order with regards financials appropriately. It shouldn't cost a lot.

:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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I should add that you wlil get a court order as to the financial arrangement and this should include a phrase that stops either party from inheriting after death. It's quite straightforward but advisable to get the sols to draw up the wording. I did a DIY divorce but still got the necessary wording from a solicitor for the court order.

:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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You need to divorce with a financial settlement in place. If you do a quickie DIY job with no financial settlement then should one of you inherit in the future the other may have a claim against that bequest

Any opinion I give is from personal experience .

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  • 1 month later...

This thread is now in "General Legal Issues"

 

It is purely an administrative move.

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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