Subject: Fair settlement for a friend Posted: Tuesday, July 1, 2014 - 16:20:29
Hello, everyone. I used these boards a few years ago now and would just like to check something for a friend.
She is early 40s and just thinking about the financial side of the divorce. Her husband has asked for 50% of the money from the house (i.e that the house is sold as soon as possible).
Things to consider:
She has 2 primary school age children. The younger (about 5) has a lifelong disability and my friend claims DLA for that child.
I would guess the house is worth £180,000 (She lives in the south, I don't!) and that there is not much equity in it. They bought it about 6 or 7 years ago.
My friend works almost full time.
Unfortunately her ex husband was a drug addict in his younger days and became addicted again about 2 years ago. He spent all the money from their savings account in a small period of time (thousands of pounds in a month) and became so ill he was in a hospice for a while. He has supervised contact with the children at the moment and no job. I presume she gets little or no child maintenance at the moment and I cannot see that changing in the near future.
What would your advice be? I have a vague memory of mesher orders and that I got 70% (2 young children myself) and also I took on all the debts so that wiped out some of what the ex would have got when the children reached 18.
Her ex is putting in for unsupervised access but the courts are not granting it. My friend is not against the idea.