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Disposal of assets from divorce.

  • kittenheels
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19 Jul 13 #401486 by kittenheels
Topic started by kittenheels
Hi all

My husband and i are separated and he has just sold the house and has agreed to a 50/50 split of the equity. All good. However, at the moment i am living in a rented house with our four children and receiving housing benefit, income support, council tax benefit, child benefit and child tax credits. I am an at home mum at the moment as have a baby under 1 and due to start studying for a degree in october.
The amount i am due to get will probably be around the 40k-50k mark and i really really dont want this to affect my benefits. I am aware of the 16k threshold. The trouble is, i would like to put it aside for the future when i will be earning again and put it towards a property of my own. How can i get round this? My mum says i can legitemately buy a new car, i currently have a micra which is ridiculous with 4 kids, and pay for my degree, and possibly a holiday to whittle it down to the 16k - not sure?? Any advice?? If i use to pay bills etc, will only support us for a couple of years and will then have to claim benefits again.

  • rubytuesday
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19 Jul 13 #401487 by rubytuesday
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Why didn''t you stay in the house with the four children?

  • kittenheels
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19 Jul 13 #401489 by kittenheels
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We separated after 12 years of marriage, the last few years were increasingly bad, i had an affair, and i left as thought it was the right thing to do to be honest. Not proud of it, but there we are.

  • hawaythelads
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19 Jul 13 #401502 by hawaythelads
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Just keep it under the mattress.
£40k in the grand scheme of things aint a lot of money.
Just dont keep it in a bank.
They cant trace cash
So when the payment goes in cash it out.
It will never get picked up.even if it did it went on marital debts divorce etc.
They wont trace it.no point in being a martyr when they let all their fecking cronies evade tax and then make em tax czars.
All the best
Hrh x

Alternatively i am a nigerian prince who has had to flee my country after a military coup you seem like a very nice lady if you give me £40000 to my bank account my father the king will pay you £1 million when he regains power .:blink:

  • escaped
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19 Jul 13 #401531 by escaped
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you are so funny :-)

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