Hi, I am hoping someone can clarify this as I have looked to find a case similar and can't.
I owned a property for 9 years prior to meeting my STBX - after 2 years together, we had already got engaged and decided to move in together and buy a house between us.
I paid the entire £40K+ deposit on the property whilst she contributed nothing as she had no savings nor a house to sell. At the time we signed a Declaration of Trust holding the property as Tenants in Common with me owning 62% and her 38%. Like I say, we were engaged to be married at this stage prior to buying the house together.
We were married some 4 years later and now 4 further years on we have decided to divorce. I am now finding the situation where her and her solicitor are trying to claim not only half of the equity in the house we are now selling as part of the divorce, but also half of my savings to which she has never contributed. We are an unusual married couple in that we kept separate bank accounts - this was actually her insistence as for much of the relationship she earnt a far higher salary than me. It is only in the last year or so, that I have caught up and started to be sensible and put some money away from my own Salary.
Her and her solicitor's argument is that the Declaration of Trust that she willingly signed knowing we were to be married , does not now apply as in Marriage everything is split 50:50.
I would not be so upset about this if she actually had any assets or savings of her own, but she has always spent freely often on things like clothes and shoes, make up etc and never, despite my encouragement been interested in saving for the future.
Now, I don't resent her having half of any profit on the house and its contents, but feel that as I had such a significant contribution on my own before we even met (i.e. the equity from my previous property) that I should rightly so gain a larger percentage from the sale of what ended up being the
matrimonial home. I have actually offered a
Clean Break settlement that amounts to actually 44% of the equity, some 6 % more than on the Declaration of Trust and means that from the time we moved in together onwards, she actually walks away with double the cash that I do.
Am I being naive - I just cannot believe this is right and dont want to have to pay £000's in Legal Fees to argue it out in court but this looks like the road she wants to go down. Does anyone think I have a valid case?
Any advice would be appreciated. Thank you in advance.