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Reply to: Contractor divorce

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Previously on "Contractor divorce"

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  • SueEllen
    replied
    Originally posted by homeandaway View Post
    Yeah, I do wonder if it's worth fighting for a couple of hundred pounds a month. She's made it clear that if I'm difficult (on her eyes anyway), she will pay in kind, with the kids. I do spend a lot of money in the children though. Take them on holidays and buy them stuff so I'm paying well over what the kids need and guess where the extra money she receives is going to go ...

    Don't really have much money in the company. It invests on property loans to me, which I guess it doesn't count as a real investment. Was hoping to use the company as my retirement plan rather than relying on a pension. I've always thought I won't pass 70 so kind of preferred to just build up wealth in the company so I could have more control. Problem is now that if I do that, I will appear as if I'm hiding income. So yeah, maybe a SIPP is the way to go, although I think they are a bit restrictive when it comes to ownership of residential property.

    H
    No it's not worth it.

    Children grow up and if you find you don't have the money at some point she can't have it.

    Also unless you have had a positive genetic test or suffer a genetic disease already don't presume you won't pass 70.

    As already suggested stuff your savings into a SIPP - it's safe from her and when your in your 60s you will be grateful you have done so. In addition if she gets the lawyers in be prepared to go after her final salary pension if she complains.

    Leave a comment:


  • speling bee
    replied
    Originally posted by captainham View Post
    You can't use your wife as a fair representation of all females everywhere...in her defence she does have to live with you...
    No. There's a worrying new trend.

    Leave a comment:


  • captainham
    replied
    Originally posted by psychocandy View Post
    Women need an excuse to be miserable? Thought that was standard mood?
    You can't use your wife as a fair representation of all females everywhere...in her defence she does have to live with you...

    Leave a comment:


  • MicrosoftBob
    replied
    Originally posted by lucycontractorumbrella View Post
    From previous experience if it goes down the legal route - you will be forced to disclose absolutely everything. Seriously if you can deal with it without the lawyer getting involved you will all be better off
    Or alternatively just go bankrupt, it will be cheaper in the long run

    Leave a comment:


  • d000hg
    replied
    Originally posted by psychocandy View Post
    Women need an excuse to be miserable? Thought that was standard mood?
    Salmon must think bears spend all their lives standing in rivers.

    Leave a comment:


  • lucyclarityumbrella
    replied
    Originally posted by homeandaway View Post
    Yeah, I do wonder if it's worth fighting for a couple of hundred pounds a month. She's made it clear that if I'm difficult (on her eyes anyway), she will pay in kind, with the kids. I do spend a lot of money in the children though. Take them on holidays and buy them stuff so I'm paying well over what the kids need and guess where the extra money she receives is going to go ...

    Don't really have much money in the company. It invests on property loans to me, which I guess it doesn't count as a real investment. Was hoping to use the company as my retirement plan rather than relying on a pension. I've always thought I won't pass 70 so kind of preferred to just build up wealth in the company so I could have more control. Problem is now that if I do that, I will appear as if I'm hiding income. So yeah, maybe a SIPP is the way to go, although I think they are a bit restrictive when it comes to ownership of residential property.

    H
    From previous experience if it goes down the legal route - you will be forced to disclose absolutely everything. Seriously if you can deal with it without the lawyer getting involved you will all be better off

    Leave a comment:


  • BrilloPad
    replied
    Originally posted by mudskipper View Post
    FFS. Keep the trolling to general where we can neg you.
    +1

    Leave a comment:


  • mudskipper
    replied
    FFS. Keep the trolling to general where we can neg you.

    Leave a comment:


  • psychocandy
    replied
    Originally posted by d000hg View Post
    Or how men are so awful they end up with their formerly lovely wife being miserable and bitter!
    Women need an excuse to be miserable? Thought that was standard mood?

    Leave a comment:


  • Pondlife
    replied
    Originally posted by psychocandy View Post
    Another reason why all women are evil!
    All?

    Leave a comment:


  • d000hg
    replied
    Originally posted by psychocandy View Post
    Another reason why all women are evil!
    Or how men are so awful they end up with their formerly lovely wife being miserable and bitter!

    Leave a comment:


  • psychocandy
    replied
    Another reason why all women are evil!

    Leave a comment:


  • Platypus
    replied
    Originally posted by homeandaway View Post
    She's made it clear that if I'm difficult (on her eyes anyway), she will pay in kind, with the kids.
    Have you by any chance got this in writing?

    I think you can now assume she'll pay in kind with the kids whatever happens, whenever she feels like it. And magically, it'll be your fault!

    She sounds like a nice lady.

    Good luck, but as another poster said, best you prepare for the worst. She's already fired this shot across your bows.

    Leave a comment:


  • homeandaway
    replied
    Yeah, I do wonder if it's worth fighting for a couple of hundred pounds a month. She's made it clear that if I'm difficult (on her eyes anyway), she will pay in kind, with the kids. I do spend a lot of money in the children though. Take them on holidays and buy them stuff so I'm paying well over what the kids need and guess where the extra money she receives is going to go ...

    Don't really have much money in the company. It invests on property loans to me, which I guess it doesn't count as a real investment. Was hoping to use the company as my retirement plan rather than relying on a pension. I've always thought I won't pass 70 so kind of preferred to just build up wealth in the company so I could have more control. Problem is now that if I do that, I will appear as if I'm hiding income. So yeah, maybe a SIPP is the way to go, although I think they are a bit restrictive when it comes to ownership of residential property.

    H

    Leave a comment:


  • BrilloPad
    replied
    Its worth being generous to avoid the lawyers. Remember she holds all the cards. Also remember that getting lawyers involved is like call the fire brigade to your house fire - then watching them pour napalm on it.

    And any money is worth it to keep in contact with the kids.

    Leave a comment:

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