Divorce and inheritance; if you’re getting divorced, can you keep an inheritance out of the 'pot'?
How is money you've inherited treated if you and your husband/civil partner split up?
Recently I’ve had a few questions to the ‘ask the expert’ section from women who are contemplating divorce – or whose husband wants to split up – and who have either recently received an inheritance or are due to receive one. They’ve wanted to know whether the inheritance will be included in the ‘pot’ when sorting out finances post divorce or the dissolution of a civil partnership.
If you and your husband or partner break up, how easy is it to divide the mortgage?
It’s not always easy for one person to take over the mortgage when a couple breaks up, especially in the current climate.
Recently I’ve had a number of ask the expert questions from women who’ve split up with their partner or husband and who want to take over the mortgage on their own. But even if you’re able to afford the monthly payments, the lender may not let your partner come off the mortgage. And the current economic climate means they’re being more cautious than they might have in the past. Here’s a guide to what to expect.
Divorce and money: understanding when maintenance payments might change or stop.
If you receive (or pay) ongoing maintenance, it's worth knowing when payments might stop, increase or reduce.
A few weeks ago SavvyWoman’s divorce expert, David Allison, received a question via the ask the expert section from a (male) SavvyWoman user who wanted to know whether he still had to pay maintenance to his ex wife (not child support) even though she was earning more than him. The answer was ‘probably not’. For many couples who get divorced ongoing maintenance doesn’t come into the equation, but if it does, it can be hard to know when payments may change or stop altogether.
