Legal Question in Family Law in United Kingdom
Access to assets
My wife and I are just recently separated. I have a real estate property that was leased to me by the government before I met her . I have paid full purchase price to the government for the property and now I am processing the deed or title for full ownership which will be in my mother's name and in my own name jointly. This paperwork for ownership has been going on before the separation and continues even now. I have two other properties which have been leased from the government even while we were not separated, but are not yet Titled property. All properties are in my name. She has not contributed in cash or in kind to any of these properties. In addition, I have just opened a limited liability company (after the separation) where I am majority shareholder. Presently, I pay the maximum amount of child maintenance provided by the law for our two children. I also pay her 25% of the maximum amount for her maintenance , since she earns a salary comparable to mine . What claims can she have on any of my previously mentioned properties or on any proceeds from my new business now or during a divorce proceeding?We were married for 10 years , but were only together continuously for three years , with seven unofficially separated.
1 Answer from Attorneys
Re: Access to assets
Hi
The short answer to your question is that your wife has a claim to all the items and properties you mention. They are categorised as matrimonial assets and will fall into the pot for distribution on divorce. This is not however to say that any claim to the properties would be valid. Such will depend upon a number of factors and without further information it is impossible to advise of the proper settlement. However do not hesitate to get in touch with me if I can help or advisefurther.
Andrew Dutton
www.legal-zone.co.uk