is 65/35 split a good one on separation?

surfsister

Hiys guys I asked a few questions for a mates mother and wonder if anyone knows about financial splits, if so is a 65/35 split good for his mum. (she gets 65%)

This has been offered and more or less agreed, is it usual?

Ta

floss2

What about pension provision?
Is there a mortgage?
Are there any joint debts?

hobo28

surfsister wrote: »

Hiys guys I asked a few questions for a mates mother and wonder if anyone knows about financial splits, if so is a 65/35 split good for his mum. (she gets 65%)

This has been offered and more or less agreed, is it usual?

Ta

There's not really enough details here at all. But courts would usually take into account things like length of marriage, age of children, his/her income/pension arrangements etc.

surfsister

well more details I actually saw her today as my mate is a bit vague!

She has offered to forgo his pension/savings if she gets the house and this will be nearly ok with the 65/35 split. Length of marriage 20yrs and his income is over 30k hers under 10k. Maintence needs to be agreed too. Thanks anyway any help gratefully received as she is obviously worried and a bit timid.

something_girl

depends the size of his pension fund really. Its easy to just accept whatever you think is a good deal, to save any animosity. Maintenance isn't really something that solicitors get involved with now, that's the job of the CSA or for the couple themselves to agree on. Spousal maintenance is something that can be included in a consent order, but usually ends on the receiver remarrying or cohabiting for a specified time.
Any consent order will be looked at by the Judge and if they thought it was way out, they would raise a query and inform all parties, but that's unusual if a solicitors has been involved.

loftus

The biggest question is is she happy with that split?

It sounds like her primary consideration is to keep the house. I think a 65-35 split sounds reasonable on the small amount of information given. People can get tied in knots with things like pension CETV's and the like. If they have come to an arrangement that gives her what she most wants and they are happy with then it's fair.

beer_tins

Sounds like she has been working (though for less money) so may have her own pension provision? Without knowing 65% "of what", the size of their respective pension pots and what they each had before entering the marriage it's hard to tell. It sounds pretty reasonable to me on face value though, especially if she is to get maintenance.