Dividing out the wealth in divorce. ( Archived) (10)

Jul 30, 2010 12:48 PM CST Dividing out the wealth in divorce.
bestbefore
bestbeforebestbeforesomewhere, Dorset, England UK116 Threads 2 Polls 4,701 Posts
I have recently read about many divorces where there are divisions about the distribution of the accumulated wealth. There is a now a case in question whereby someone delved too deeply into the husband's finances causing hidden wealth to be discovered.

If a woman has put her life and sometimes career on the back burner to raise the family and be a social support to the husband after many years of marriage, surely she is entitled to a decent settlement.We all know that there are those out there who would rip the shirt off a man's back,but in the most genuine of cases ,how far should they be allowed to "dig" to uncover the family finances.What's your take on this?
------ This thread is Archived ------
Jul 30, 2010 12:50 PM CST Dividing out the wealth in divorce.
Boban1
Boban1Boban1bigplace, Central Serbia Serbia144 Threads 5 Polls 18,789 Posts
bestbefore: I have recently read about many divorces where there are divisions about the distribution of the accumulated wealth. There is a now a case in question whereby someone delved too deeply into the husband's finances causing hidden wealth to be discovered.

If a woman has put her life and sometimes career on the back burner to raise the family and be a social support to the husband after many years of marriage, surely she is entitled to a decent settlement.We all know that there are those out there who would rip the shirt off a man's back,but in the most genuine of cases ,how far should they be allowed to "dig" to uncover the family finances.What's your take on this?


depends , how many years they were together , what did he had before the marriage
------ This thread is Archived ------
Jul 30, 2010 12:53 PM CST Dividing out the wealth in divorce.
demonfairy
demonfairydemonfairyNewton,hickory, North Carolina USA120 Threads 17 Polls 5,654 Posts
I think it should be 50/50...if they had kids,and the marriage lasted a long time..raising kids and taking care of the home is like a job to..Example:if she did this out of the home she would be getting a pay check every week...just my opinion
------ This thread is Archived ------
Jul 30, 2010 12:56 PM CST Dividing out the wealth in divorce.
bestbefore
bestbeforebestbeforesomewhere, Dorset, England UK116 Threads 2 Polls 4,701 Posts
demonfairy: I think it should be 50/50...if they had kids,and the marriage lasted a long time..raising kids and taking care of the home is like a job to..Example:if she did this out of the home she would be getting a pay check every week...just my opinion


I agree with you.There was a case in question where a couple lived quite modestly for years then got divorced and she received a paltry sum. Some time later she discovered that he had been living a double life during the marriage,lived in a huge house and had since married the other woman!sigh
------ This thread is Archived ------
Jul 30, 2010 1:07 PM CST Dividing out the wealth in divorce.
DodgeBabe
DodgeBabeDodgeBabepotsdam, New York USA31 Threads 2,299 Posts
bestbefore: I have recently read about many divorces where there are divisions about the distribution of the accumulated wealth. There is a now a case in question whereby someone delved too deeply into the husband's finances causing hidden wealth to be discovered.

If a woman has put her life and sometimes career on the back burner to raise the family and be a social support to the husband after many years of marriage, surely she is entitled to a decent settlement.We all know that there are those out there who would rip the shirt off a man's back,but in the most genuine of cases ,how far should they be allowed to "dig" to uncover the family finances.What's your take on this?


Hi Best..wave

I believe anything acculmalated during the marriage should be split evenly, yes. As regards assets brought IN to the marriage, which are in one name, I dont feel that the spouse has a claim, morally.

I believe in Lump Sum Settlements. I dont believe in alimony for the ex-wife. Child support, of course, but not ongoing alimony for an ex-spouse. Agree to a lump sum payment, and then move on, with ties firmly cut.

Thats the cleanest way, in my opinion.

wine
------ This thread is Archived ------
Jul 30, 2010 1:13 PM CST Dividing out the wealth in divorce.
bestbefore
bestbeforebestbeforesomewhere, Dorset, England UK116 Threads 2 Polls 4,701 Posts
DodgeBabe: Hi Best..

I believe anything acculmalated during the marriage should be split evenly, yes. As regards assets brought IN to the marriage, which are in one name, I dont feel that the spouse has a claim, morally.

I believe in Lump Sum Settlements. I dont believe in alimony for the ex-wife. Child support, of course, but not ongoing alimony for an ex-spouse. Agree to a lump sum payment, and then move on, with ties firmly cut.

Thats the cleanest way, in my opinion.



Have to agree in principle,and yes get it cut and dried.Unfortunately there appear to be some devious couples out there.By the way sometimes it's the women that need to be open about money too,as they can also be high earners.wave
------ This thread is Archived ------
Jul 30, 2010 1:15 PM CST Dividing out the wealth in divorce.
lifeisadream
lifeisadreamlifeisadreamMexi Go, Mexico State Mexico156 Threads 20 Polls 16,713 Posts
Each situation is unique so the 50-50 might not work for everyone but if there is one who stayed at home and took care for the family then that person should get more than 50 % because that person has to get a education and a job and that will not be easy for him/her because of the global cometition.

The wealth can be divided but


How do we divide our children?
How do we divide our friends?
How do we divide our families?


that is just heartbreaking.


bouquet
------ This thread is Archived ------
Jul 30, 2010 1:20 PM CST Dividing out the wealth in divorce.
outdoorgirlsun
outdoorgirlsunoutdoorgirlsunSapulpa, Oklahoma USA5 Threads 1,085 Posts
bestbefore: I have recently read about many divorces where there are divisions about the distribution of the accumulated wealth. There is a now a case in question whereby someone delved too deeply into the husband's finances causing hidden wealth to be discovered.

If a woman has put her life and sometimes career on the back burner to raise the family and be a social support to the husband after many years of marriage, surely she is entitled to a decent settlement.We all know that there are those out there who would rip the shirt off a man's back,but in the most genuine of cases ,how far should they be allowed to "dig" to uncover the family finances.What's your take on this?



In my state, it is a 50/50 state. My divorce I had to give up half my retirement to him, as he didn't have one. I raised 4 kids and always worked, so I did double duty and still lost half my 401K.
Sometimes, it's fair and sometimes I don't think it is.
------ This thread is Archived ------
Jul 30, 2010 1:22 PM CST Dividing out the wealth in divorce.
bestbefore
bestbeforebestbeforesomewhere, Dorset, England UK116 Threads 2 Polls 4,701 Posts
lifeisadream: Each situation is unique so the 50-50 might not work for everyone but if there is one who stayed at home and took care for the family then that person should get more than 50 % because that person has to get a education and a job and that will not be easy for him/her because of the global cometition.

The wealth can be divided but How do we divide our children?
How do we divide our friends?
How do we divide our families?

that is just heartbreaking.


I hear what you are saying but this was just a wealth issue.wave
------ This thread is Archived ------
Jul 30, 2010 1:24 PM CST Dividing out the wealth in divorce.
bestbefore
bestbeforebestbeforesomewhere, Dorset, England UK116 Threads 2 Polls 4,701 Posts
outdoorgirlsun: In my state, it is a 50/50 state. My divorce I had to give up half my retirement to him, as he didn't have one. I raised 4 kids and always worked, so I did double duty and still lost half my 401K.
Sometimes, it's fair and sometimes I don't think it is.


That's sad,especially as you probably put more in to the marriage in the long run.Most cases in the U.K. are settled either in or out of court,depending on the circumstances.wave
------ This thread is Archived ------
Post Comment - Post a comment on this Forum Thread

This Thread is Archived

This Thread is archived, so you will no longer be able to post to it. Threads get archived automatically when they are older than 3 months.

« Go back to All Threads
Message #318

Stats for this Thread

459 Views
9 Comments
by bestbefore (116 Threads)
Created: Jul 2010
Last Viewed: May 9
Last Commented: Jul 2010

Share this Thread

We use cookies to ensure that you have the best experience possible on our website. Read Our Privacy Policy Here