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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

 

Ex withdrew substantial amount from account

  • Diadora8t6
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19 Oct 23 #521943 by Diadora8t6
Topic started by Diadora8t6
Finally got some of the financial documents through from my ex. I have noticed that they had a substantial amount in their account at the start of the year and then withdrew 80% of it -i'm not being specific because the walls have eyes - but we are talking about thousands.

​​​​​As far as I can see their spending patterns for the rest of the year have not changed. They mentioned something about building work on house but isn't that admitting paying cash in hand? and as far as I can see no receipts for work totalling that amount have been provided.

How will the court look at this and is there anything I should say at the next hearing?

Many thanks for your help

  • hadenoughnow
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19 Oct 23 #521946 by hadenoughnow
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You need to ask about this in your questionnaire. It is reasonable to list transactions over £500 and ask for them to be explained (either in our out) with documents in support.

If funds have been dissipated with the aim of defeating a financial claim you can ask for the amount to be added back in to the pot and out on your ex's side of the balance sheet.

Hadenoughnow

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20 Oct 23 #521950 by denpat
Reply from denpat
Depends on judge

In my situation ex also removed & dissipated £000's & could clearly be seen in evidence but judge ignored it & even gave her more from property that did not belong me only, as she said she transferred money to account that did not exist & travelled back in time! & he believed her as she works for a bank that agreed with her when she stopped a direct debit from a frozen account!!

  • WYSPECIAL
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21 Oct 23 #521957 by WYSPECIAL
Reply from WYSPECIAL
You mentioned building work on a post some months ago.

Nothing wrong with paying in cash but you can still expect an estimate and receipt to be in writing. Ask for those and marry them up against the withdrawals. If they don’t match ask for further evidence of what the money has been spent on.

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