Quizzes & Puzzles41 mins ago
Advice needed on separation and financial matters
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For more on marking an answer as the "Best Answer", please visit our FAQ.I got divorced last year and have a word of warning, if you can settle amicably then DO IT. No disrespect to solicitors but they are in it for the money. They will act "in your best interest" which will inevitabley lead to a conflict, as your partners solicitor will also be acting in their "best interests". Try and sort it out between yourselves and leave the solicitors just to rubber stamp everything. My Cousin divorced 4 yrs ago and it cost them over �10,000 in fee's once the house had been sold, the legal bills alone coming to �7,500. It cost me �750!!! Be reasonable with each other, don't lose your financial gain through stubbornness or spite, you both need to move on and skinning yourselves financially isn't going to help.
As a suggestion, if possible, the endowment could be kept by one of you (if you want to keep it and if it is performing well) and then whoever keeps it reduces their share in the equity of the property. Alternatively, sell or cash in everything, split it straight down the middle and start again, life really is too short.
Good luck
my partner of 3 years is still in a bitter battle with his ex receiving over half of his assets, he got custody of his daughter and now their home has to be sold to find money to pay the solicitors fees...of wait for it...£130,000.00 he will be totally broke with no home, all in the name of a womans greed , a ridiculous legal system and solicitors.
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