asked to be guarantor by Ex even though she has cash in bank

ElsieMonkey

P.s. you say you need to get your kids housed properly. No, you both need to. At the moment it sounds like she's not taking any responsibility.

MPwannasavemoney

WibblyGirly wrote: »

Could you afford to buy a house for them to live in? Then make her rent the spousal payments so effectively you don't pay that anymore and she gets a rent free house? She would though have to get a job to cover the bills and then you resell the house when the kids have left?

fraid not... I can't afford any property that is why I have a room in a shared house.

MPwannasavemoney

Guest101 wrote: »

£100k on legal fees?! And this is the result?!!

your point being...?

MPwannasavemoney

carefullycautious wrote: »

You will only pay maintenance for your children until they are 18 and surely the spousal will only be applicable until she marries again wont it?


Also if your earnings go down or you retire these payments will drop considerably or stop?


Ignore all of this if you have millions in the bank and can afford all of the above.

Nope - the spousal maintenance is until DEATH

Guest101

MPwannasavemoney wrote: »

your point being...?

Did your ex wife have a QC and you have an undergrad!??


Seriously you spent £100,000 on a solicitor and now you live in a shared house?


I know there are some very extreme cases!- but cases like this make the news!

Guest101

MPwannasavemoney wrote: »

Nope - the spousal maintenance is until DEATH

Just curious, how old are you?


I mean 20 years in prison may not be too bad....


(im joking!... or am I?!)

MPwannasavemoney

Guest101 wrote: »

Spousal maintenance is seldom used, mostly for people with disabilities or specialist needs


I stand by my initial response. But with a caveat, if you had £100k for legal fees, I presume you have a decent job?

The 100K was joint legal bills between us, her part was taken as a legal loan equity from the house which was first charge after mortgage to be repaid upon house sale and accruing at 18% interest. so her legal team (yes more than 1 appeared at court) could happily spend away knowing that their bill would be paid when the house is sold, as it was. They didn't do any clever stuff, all that happened is it went to court 3 times.

MPwannasavemoney

ElsieMonkey wrote: »

Are you able to sit down with her, maybe with some mediation, and have a proper open conversation about your concerns and your fears for the future if you were to pursue the paying her rent/guarantor route? Maybe she needs to accept that she needs to get a job in order to help herself. Or she has to look to rent a bit further afield. I think whatever happens the kids will adjust and be fine PROVIDING the parents are amicable, open and honest about things with each other. Good luck.

This was tried during the divorce. Didn't work then won't work now :-( Re a job - long story she don't work won't work.

Guest101

MPwannasavemoney wrote: »

The 100K was joint legal bills between us, her part was taken as a legal loan equity from the house which was first charge after mortgage to be repaid upon house sale and accruing at 18% interest. so her legal team (yes more than 1 appeared at court) could happily spend away knowing that their bill would be paid when the house is sold, as it was. They didn't do any clever stuff, all that happened is it went to court 3 times.

Right, but in the application, they mustve applied for spusal maintenance, and your a-level qualified legal adviser, sorry fully qualified solicitor, must've said:


Your Honour, Mrs MP, is a healthy woman in her 40s (?) with many years ahead of her. The children are all of relative impendency and she is perfectly capable of supporting herself.


- Im not a fully qualified solicitor, and even I know that is the criteria for SM.

MPwannasavemoney

Guest101 wrote: »

Did your ex wife have a QC and you have an undergrad!??


Seriously you spent £100,000 on a solicitor and now you live in a shared house?


I know there are some very extreme cases!- but cases like this make the news!

no see other answer to the 100K question.