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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.

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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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Form E Question 3.1.1 Income Needs

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04 Oct 12 #359355 by SilverFir
Topic started by SilverFir
As the subject says!

Completing form E, got to questions 3.1.1 (and 3.1.2 which is similar) - experienced wikipeeps, what is the format for this?

Do people/solicitors provide a detailed breakdown, spreadsheet style, as an attachment?

Or can I group entries into five key areas (eg household, car, daily living) and just put totals for each area?

Does the Judge actually care ... Or is it more a question of whether the STBX cares, can they question the income needs in any detail.

Thanks

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04 Oct 12 #359359 by dukey
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Most people just use a single figure, if you want then you can provide a breakdown mark it with your initials and a number and slip it in on the next page.

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04 Oct 12 #359366 by SilverFir
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Really? A single figure? Wow.

I''ve spent too long on moneysaving forums, I''m used to incredibly detailed breakdowns of expenditure!!

Cheers Dukey.

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04 Oct 12 #359367 by dukey
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If you want to provide a full breakdown then do so, but the judge will not have time to read it, in fact little consideration will be given unless you end up at a final hearing.

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04 Oct 12 #359373 by SilverFir
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Call me a pessimist but I expect to end up at Final Hearing ...

Once again, thanks.

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04 Oct 12 #359377 by anna200
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iv''e seen a pro forma on line but can''t remember where . the judge did refer to it at my fnal hearing when considering income needs but it was because his were so high, although she told him to ''cut his cloth''. i hadn''t really looked at his but wish i had as i think this had a bearing on sm and payments made pending sale of the FMH but don''t know for sure. judges comment was '' i can''t see how he could pay anymore (then the amount his sol proposed) given his current living expenses". i had submitted a paupers budget reflecting what i had available and his was exaggerated and came to 7k. but the sm payments were arrived at to give a final income for me representing 1 third of our total joint income ( we have share care )... which i think fits with some unspoken convention. my solicitor never discussed or objected to sm proposal so i can only assume he thought this was ok.... i think it may be worth giving it some thought and include absolutely everything , it''s a good budgeting exercise even if its not relevant and don''t sell your self short especially if there is a large disparity between incomes..judge where possible will try to achieve life style enjoyed during marriage if there is sufficient money available to do so

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