How much do contractors' wives get in divorce?

[dude69]

Just reading this, the (according to the Daily Mail) 'Senior executive' at JP Morgan http://www.dailymail.co.uk/femail/ar...l-Tufnell.html

was made to pay £2750/month to the Mrs. then lied about his circumstances, and it was uprated to £3250. Claims he lives in a £1m Singapore flat, and kids go to a school which costs US$ $13-$16k depending on age. So obviously pretty loaded.

Doesn't seem that much, but then the £500,000 house ain't that much these days, so perhaps not as senioras implied?

How much would a contractor on say £500/day going through an Ltd. be made to pay?

[HairyArsedBloke]

I am so glad that I've seen the light and swung the other way.

[Peoplesoft bloke]

How much would a contractor on say £500/day going through an Ltd. be made to pay?

Depends on a huge range of other factors - length of sentence er I mean marriage, history of lifestyle, history of spending, any legacy or lottery wins, kids, whether wife stayed at home/ was disabled/ can claim she is now/ can claim she saved you from drink problem, did all your accounts etc etc etc.

Unfortunately the only way to find out is empirically as every case differs.

[TheBigYinJames]

How much would a contractor on say £500/day going through an Ltd. be made to pay?

You costing up the option of jumping ship, dude?

After seeing friends who have, I'd recommend you stick in there if possible, the other way is financially disastrous. Take a mistress if you must.

[dude69]

I am so glad that I've seen the light and swung the other way.

You mean you're batting for the other team?
Surely that will make the Mrs. even more aggravated.

[dude69]

Depends on a huge range of other factors - length of sentence er I mean marriage, history of lifestyle, history of spending, any legacy or lottery wins, kids, whether wife stayed at home/ was disabled/ can claim she is now/ can claim she saved you from drink problem, did all your accounts etc etc etc.

Unfortunately the only way to find out is empirically as every case differs.

say stay at home wife, two pre-school children.

[expat]

How much would a contractor on say £500/day going through an Ltd. be made to pay?

It isn't just like that.

Obvious question, children involved? Their interests are paramount.

Then, did the marriage cost the wife anything? Loss of career, etc? She will be compensated for that.

Then, How long have you been married? There is supposed to be a movement of the balance over time, from the initial view for a brief marriage that the divorce settlement should restore the situation as before the marriage; to the longer marriage, where the divorce settlement should restore the situation as before the divorce.

[expat]

say stay at home wife, two pre-school children.

Didn't see that when I was typing previous answer.

You need good advice. Be prepared for the idae that the children's interests (as interpreted by the court) are paramount. Not "important", but "paramount". They override all other considerations.

So if the court decides that the children's interests are best served by the mother having custody, she will get it. She will then need a house for the family. Not help with a house, not a contribution, not the use of a house. Lock, stock, and barrel. It's not for her, it's for them.

Then money for the family, too.

None of this is a deal. It's not in return for access or anything. The divorce is not about the parents, if there are children: it's about the children. If there are children, everything is allocated for them, as the court sees it.

[Peoplesoft bloke]

say stay at home wife, two pre-school children.

As I said there's only one way to find out.

There is a formula for child maintenance but not for spousal maintenance (if she chooses to claim that)

Then there's the question of assets like house, cars, etc.

Even a lawyer can't tell you with any degree of certainty.

One thing to bear in mind that O/H can opt to have case heard in a place that suits them - in my case she chose London, even though neither of us has any connection with the place. This can up the costs (both of the process and the settlement) considerably.

A lot depends on how reasonable she's going to be about it, too.

[Churchill]

say stay at home wife, two pre-school children.

Go and see a solicitor.