Ex wife's getting most of my income!

italian-tony

Not quite divorced yet - decree nisi only - but financial advisor has drawn up a plan that gives my ex a large chunk of my pensions. With my outgoings (not taking into consideration any pocket money, emergencies etc.), this will leave me £4000 per year short! Problem is the plan is supposedly putting us on an equal footing - income wise. I want to be fair but I can't see how I'm going to manage. I've looked at possible cut backs but there's nothing unecessary or frivolous. I'm already struggling to clear £20k of cc debts. I can't afford legal fees to fight this. Help!

completelyspent

Is the financial advisor aware of your cc debts? If not, could they not be taken into account with the settlement?

mumoftwins

Sorry I can't offer much advice italian-tony but there are some good knowledgeable people on this forum who will - good luck things can only get better!

peb

You may think that you cannot afford it but I think you will have to take legal advice. Not really my area but a lot of Sols do one free sessoin - if you can discuss the position then you can decide whether it can be taken further. Usually (IIRC) finances are dealt with between Nise and Absolute.

floss2

Are the cc debts all yours, have you told your solicitor about them?

The pension split is meant to take account of the period that the pension were built up, during your marriage. Have you had advice from an IFA?

If you post an SOA (statement of affairs - see Southern Scouser's first timers post) we'll take a look & see if you can trim to cut your shortfall.