The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

 

What happens if we don''t settle at FDR?

  • iusedtolovehim
  • iusedtolovehim's Avatar Posted by
  • Elite Member
  • Elite Member
More
09 Dec 14 #451274 by iusedtolovehim
Topic started by iusedtolovehim
FDR next week. He takes home >100k per annum, my take home circa 20k. He has share options and bonuses every year. His CETV 500k +, mine 90k. House equity 400k so quite a lot at stake. Both 53, he cohabits, I don''t. Not really asking what would be a good settlement but if anyone has any thoughts please share! But what happens if we can''t thrash out a settlement? Does it go straight to FH? I know what I would settle for (and it doesn''t involve SM) but we have not heard anything from his side yet. Any advice appreciated!

  • dukey
  • dukey's Avatar
  • Moderator
  • Moderator
More
10 Dec 14 #451304 by dukey
Reply from dukey
You should have a few hours for FDR, so you should have a decent chance of ending once and for all, with luck the judge will offer some ideas on how to resolve it, but if in the end there is no agreement it will be listed for a final hearing.

  • iusedtolovehim
  • iusedtolovehim's Avatar Posted by
  • Elite Member
  • Elite Member
More
10 Dec 14 #451351 by iusedtolovehim
Reply from iusedtolovehim
Thanks Dukey. I''m just a little concerned he had my offer weeks ago and I haven''t seen his yet! Don''t want to see it for the first time at FDR but accept that will probably happen. (Quietly s*itting myself here!)

  • esox11
  • esox11's Avatar
  • Platinum Member
  • Platinum Member
More
16 Dec 14 #451731 by esox11
Reply from esox11
I got my first offer a week before and replied a couple of days before. Its all very last minute dot com.

I suppose all the facts need to be updated but its a poker game at the end of the day.

I was advised... Set your facts out and have an idea of what you will settle at minimum. And preparred to accept that rather than go to a FH with all the stress and costs that brings.

Seemed sound advice to me.

  • iusedtolovehim
  • iusedtolovehim's Avatar Posted by
  • Elite Member
  • Elite Member
More
16 Dec 14 #451753 by iusedtolovehim
Reply from iusedtolovehim
Well, back from FDR. I saw his offer 5 minutes before we went in! Judge advised Clean Break, 90% house to me, pension share (always a given), no ongoing maintenance. I did NOT accept as I felt his barrister was bulldozing me but that doesn''t mean I won''t! I need some further advice from the actuary as to whe I can take the pensions. I feel I should have maintenance (25 year marriage, vast salary difference) but some number crunching to do now.

  • dukey
  • dukey's Avatar
  • Moderator
  • Moderator
More
16 Dec 14 #451754 by dukey
Reply from dukey
90% is very high, what''s that in £''s?.

If it leaves you mortgage free it could be a decent offer, chances are if it goes to FH the next judge will order much the same.

  • iusedtolovehim
  • iusedtolovehim's Avatar Posted by
  • Elite Member
  • Elite Member
More
16 Dec 14 #451755 by iusedtolovehim
Reply from iusedtolovehim
House equity probably in the region of 400k. 300k will rehouse me. (Nice part of Hampshire).

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.