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new to all this lookin for advice

  • olaf
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18 Aug 08 #41256 by olaf
Topic started by olaf
i have lived with the love of my life for 10 years got into a situation and now its all over what happens next please advise:S :S

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18 Aug 08 #41257 by olaf
Reply from olaf
i have started divorce and have a mediation on friday:ohmy:

  • mike62
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18 Aug 08 #41259 by mike62
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Olaf,
Welcome to Wikivorce

I am guessing from your name that English is not your first language?

OK, you have started the divorce and have arranged Mediation.

It is hard to say what will happen because you have not told us very much information.

How long were you married?
Do you have any children? How old are they?
DO you own your own house? With a Mortgage?
Do both you and your wife work?
Do you earn similar money?
Is there enough money coming in to pay for a seperate house for each of you?
Do you have any pension, or investments - you or your wife?
Any debts? you or your wife?

You could read this post about Mediation:
www.wikivorce.com/divorce/Divorce-Forum/...rough-mediation.html

You could also read the Wikivorce step by step guide to divorce - click on the coloured boxes for more detail:
www.wikivorce.com/divorce/Step-By-Step-D...de/Introduction.html

Is it the practical issue, the emotional issues, or the legal issues that you need help with?

Post some more information and let us see if we can help

Mike

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18 Aug 08 #41266 by olaf
Reply from olaf
lived together for 10 years married for 3 years

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18 Aug 08 #41271 by olaf
Reply from olaf
own house mortgage 35000 value 110000 3 kids with 3 different people none together both earn similar money only10000 no debts apart from wifes credit cards yes i am english just careful

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18 Aug 08 #41274 by mike62
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:laugh: OK Mr Careful ;)
Need to get off from office, if nobody else answers your post, will answer much later
Mike

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19 Aug 08 #41331 by mike62
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Olaf,

Still not enough info about the children to give you specific advice.

Depending on the children's ages and who will be looking after them in the future, the first consideration should be given to their housing needs.

If the children will be staying with your wife, it would be common for her to stay in the marital home, if she is able to pay the mortgage.

On her income level, I would have thought that she would be entitled to tax credits to bump her income up a little.

You will be paying child maintenance for your children (15% of your income after tax and NI for one, 20% for 2 and 25% for 3 or more). This is non-negotiable and set by the CSA.

As to dividing the assets, yours is a shortish marriage, but you have been together a long time. The starting point would probably be 50:50, and it depends on the age of the children, both of your incomes, your future earnings potential, whether there is any illness or disability in the family, all of your housing needs etc. The relevant law is the Matrimonial Causes Act, section 25.

It is not uncommon for the split where there are childen involved, to be 60:40 or 70:30 in favour of the Parent With Care.

Your mediator will help you in determining what is a fair split

Hope this helps,

Mike

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