Getting divorced - spousal maintenance

Hi,

My wife and I are getting divorced after a 5 years+ separation. We are currently doing mediation, but it looks like we will not reach an agreement re. our finances.

I have just used the "Divorce Calculator" and found out that I should pay my ex £461.70 pcm maintenance. I do not understand how this calcultion came about if I earn net £1,418.70 and my essential monthly costs are £1,261.80?? And does this include child maintenance?

This also already takes into account that my ex (who is looking after our only son, 14 years old, 24/7) gets 70% of our total net assets of £434,960.

Hello

The calc is a number cruncher, if you would like wiki peeps to give you an idea post these answers,

Your respective ages;

The number of children you have and their ages;

How many nights the children spend with each parent;

The length of your marriage and any period of pre marriage cohabitation;

Your respective incomes;

Your respective outgoings;

Your assets - both soley held and joint;

Your liabilities.

Hi ?,

Who are "Wiki Peeps"?

Hello

Wiki peeps are members of Wikivorce

Husband age: 42 wife age: 55

General:
The length of the marriage was 8 years and 5 months. (but there is disagreement about this - wife thinks it's 9 years and 9 months)

Income:
The wife's net monthly income is £673.05.
The husband's net monthly income is £1418.7.

Children:
The number of children from the marriage is 1
Child 1 stays with wife for 7 nights per week and with husband for 0 nights per week. Age: 14

Wife's Monthly Outgoings:
Essential outgoings: 1469.8600000000001
Childcare outgoings: 225.15
Lifestyle outgoings: 418.33

Husband's Monthly Outgoings:
Essential outgoings: 1187.8000000000002
Childcare outgoings: 74
Lifestyle outgoings:

Assets:
Joint matrimonial property:
- Other property valued at £26800
- Savings valued at £90000
Total : £116800
Wife's property:
- Other property valued at £65000 (value at marriage : £0)
- Former matrimonial home valued at £2500 (value at marriage : £0)
- Other property valued at £8400 (value at marriage : £0)
- Savings valued at £1800 (value at marriage : £0)
- Savings valued at £13100 (value at marriage : £0)
Total : £90800 (Total value at marriage : £0)
Husband's property:
- Other property valued at £209000 (value at marriage : £0)
- Savings valued at £18360 (value at marriage : £0)
Total : £227360 (Total value at marriage : £0)

Processing Assets:The total value of assets you entered as joint assets was : £116800
We add to this joint pot the increase in wife's assets since marriage : £90800
We add to this joint pot the increase in husband's assets since marriage : £227360
We add 10% of wife's assets (valued at marriage date) for each year of marriage, which is £0
We add 10% of husband's assets (valued at marriage date) for each year of marriage, which is £0

The joint asset pot is: 434960
The wife's asset pot is: 0
The husband's asset pot is: 0

Liabilities:
Joint liabilities:
- Tax liability valued at £-3725

Total : £-3725
Wife's liabilities:
- Unsecured loan valued at £-8000 (debt at marriage : £0)

I hope someone can shed a light on this!?

Thanks

Markus

Hello
You wont pay any SM,

You dont earn enough,

SM is to help one spouse back into single life, you have lived apart for five years thus showing she doesnt need SM,

Dukey

Hi Dukey,

Thanks for that comforting advice. However, because she ssys has health problems (in part apparently caused by myself) , thus being unable to work and has basically lived off benefits since we separated, she will probably get her solicitor to push for SM!

Any advice on this situation!

Cheerio

Markus