Divorce - splitting assets?

mjc1976

My wife and I seperated 12 years ago. We lived and worked in our business, which she owned before I came along. My name was never added to anything to do with it. I was, for all intents and purposes, an employee and a lodger. When we seperated I was left with nothing aside from a bag of clothes and some bits and pieces. No savings either, 12 years later, and I have put in for a divorce which she has accepted with no contest. We now have to wait for the 20 weeks before proceeding further.

I have no interest in anything from her. I just want it done. Can she realistically try for anything here? I have some savings, and not a particularly large pension

pinkshoes

Assets are 50/50. What was the business worth? I'm assuming more than your savings and small pension?

mjc1976

considerably more. and like I say, I have no interest. I dont want any of it. if she even still owns it. I dont even know

Scorpio33

She could try and go for a share of your assets. However, I would think that her business + house + pensions would be more than yours, so she would lose out if that is the case. Technically, all assets are marital assets until you divorce. How you split them is not by some magical formulae, it depends on your earning powers, ages and many other factors.

DE_612183

you can check on the business on companies house website - it will tell you who owns it, but also you can see annual returns etc which will give you a view as to how much it's worth. - check to make sure she hasn't out the business in another name before coming for you for half of whatever you have...

lisyloo

If you genuinely want nothing, then make her your offer.
She's be mad not to bite your arm off.

A solicitor or friend would make you aware you entitled to more (at a cost of longer more drawn out proceedings and either legal costs of a lot of involvement from yourself).
But if you are determined to walk away with nothing and sign away your rights then she'd be bonkers to reject that offer.