Parties with Children
Property.
The division of the family can be negotiated in one of three ways if there are dependent children (insert definition).
- One spouse buys other the other spouse interest in the family home; the spouse taking primary day to day control of the children should remain in the family home if possible as this will avoid unnecessary further disturbance for the children, the parties should see if it is finacially possible for one spouse to buy out the other from their interest in the home, in term so the percentage that the party should get for their interest will depend on a number of factors including but exclusive to the cost of re-housing the departing souse, the ability for the remaining spouse to raise a mortgage. If there is a mortgage on the property the banks consent will be required in order for one spouse to take over the existing mortgage. When you are considering a division of the property both parties should contact their bank to ascertain what they can obtain by way of re-mortgage or by way of a mortgage for a new property.
- The family home remains in the joint parties names until the children are no longer dependent(insert def) and then the family home is sold and the proceeds of sale after legal and auctioneering fees are spilt accordingly to what is agreed.
- Sale of the family home; where there are young children of the parties this should try and be avoided, but if there is no other option the parties should consider the sale of the family in circumstances where there could be enough proceeds after sale for a new house to be purchased for the spouse taking primary care and control of the children and for the spouse moving out. The parties will have to consider that due there will be a reduction in the standard of living as a result of this.
In regard to other properties that the spouses may own regard should be had as to whether the spouse leaving home could take over one of these property and that in consideration of this that there be a reduction that the departing spouse should receive in regard to a buy out of their interest on the family home.
If it is not financially possible due to a negative equity situation in the ownership of property regard can be had to the parties to continue to hold the propertys as they are and when they are qualified for a Divorce that the property market could have bounced back and that there could be an increase in the value of the property passed the original sale that would warrant a practical sale of teh property.
1.b. Maintenance
It is open to either spouse to seek maintenance from each other for themselves and for the children. In order to ascertain the level of maintenance to be paid the parties should complete a statement or affidavit of means which sets out their income, debts and outgoings so that in negotiation the spouses can accurately determine what they require in terms of maintenance for themselves and for the children, the breadwinner in the family would normally be the spouse leaving the family home as their day to day is taken up with work, the breadwinner will also have to factor in the cost of taking up a new mortgage, if this is not a possibility what is the cost of renting a property with the additional costs of living on ones own and the expenses that that would incur.
In most circumstances the spouses will have to accept that there will be a reduction in the standard of living that they were used to. There is no scale or set figure as to what amount of maintenance one should pay it is entirely dependent on the needs of the family having regard to what the income of the family is. Consideration should also be given as to whether the spouse who has day to day control of the children could get part-time work to alleviate some of the financial burden on the family, if the children are in full time education and there is time during the day for this.
1.b Access and Custody
In so far as possible the spouse should try and agree access between them and should at all time behave amicably towards each other, it is the childrens best interest s that the spouses work together on reaching an agreement for the benefit of the children.
Factors that the parties must consider are the working weekly arrangement vis a vis the spouse who has left the family home and the working commitment, access should also be agreed in regard to holidays and mid-term, Christmas and Easter holidays. Regarding custody, in most situations it would be agreed between the parties that they would have joint custody with primary care and control of the day to day care of the children to one parent.
If access cannot be agreed between the spouses, a mediator or the spouses respective solicitors should be able to reach agreement
In the alternative where access cannot be agreed one may apply to their local district court for the issue to be determined by way of an access summons, this would normally occur where the parties have been unable to reach agreement by way of a separation agreement and that an interim measure is required before the Spouses go through a Judicial Separation or a Divorce.
Pension
1.a Pension
Either spouse can look for a portion of a pension or the parties can agree that neither party will have any interest in either parties pension, the trustees of a pension scheme require an order from the Court in order to enforce the agreed terms in regard to the pension. Parties will often agree the portion of a pension in the separation but not get the formal order until such time as one gets divorced, this will save additional cost.
1.a Debt
The debts of the parties will need to be considered as to who accumulated what debt, in the currect situation of the parties are in negative equity the parties maybe forced to remin on the mortgage of the family home by the bank, one would hope that by the time that the parties would be able to get a divorce that the economic circumstances of the parties would have changed in roder to affect a braek from the debts
1.a Full and Final Settlement.
The agreement should be in full and final settlement towards a Divorce and the parties should agree that the terms reached should be ruled on as a Divorce when the parties qualify. In order to ensure that a fair an amicable agreement has been reached both parties should provide full disclosure in their affidavit of means, often one spouse may at the time of a Divorce apply to re-open matters on the basis that their was not full disclosure at the time of the separation agreement and that the settlement in the separation does not adequately provide for a spouse, a Judge at the time of a Divorce must among other matters be satisfied that there is adequate provision made for both spouses from the separation agreement. |