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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.

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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.

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FDR Outcome

  • Manor9988
  • Manor9988's Avatar Posted by
  • Junior Member
  • Junior Member
13 Aug 12 #349155 by Manor9988
Topic started by Manor9988
Big Big Thank you to all at Wikivorce who have given me such good advice and help over past 18 monhts and especially Carl on the wikivorce team who has patiently listened and guided me several times here.
Anyway , self repped at FDR , Wife had Barrister.
Basic details are :
Me 47 , her 48 married 18 yrs 2 children ages 18 yrs and 16 1/2 yrs.
My av income last 3 yrs c £75k , wife now works part time and with benefits has approx £1000 p/m.
Minimal equity in FMH say £20k and only assets really pensions CETV c £250k all mine and c £100k built up before ever met her.
Outcome :
1.FMH to be sold 15 mths time when youngest 18.
2. I pay full mtge til then at £1100 pm in lieu of all child maintenance.
3. I have option to buy FMH and will take up option in 15 mths time , on basis 50/50 split equity.
4.pension share 50/50
5.Spousal maint to commence after last mtge payt post house sale at £700 pcm until wife 55 yrs old (c 6 yrs from now)
S28 1a bar agreed and cohabitation clause agreed.
We were both happy with result and Absolute granted on day .. Phew ..

  • dukey
  • dukey's Avatar
  • Moderator
  • Moderator
13 Aug 12 #349194 by dukey
Reply from dukey
Very well done to you, how you avoided a joint lives order got a s28 1a bar and only a 50% pension share i don`t really know, still a most excellent outcome for you.

  • somuch2know2
  • somuch2know2's Avatar
  • Platinum Member
  • Platinum Member
13 Aug 12 #349202 by somuch2know2
Reply from somuch2know2
Very well indeed! Congrats!

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