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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.

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.

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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.

Help advice

  • racjon
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16 Jan 08 #10789 by racjon
Topic started by racjon
I have been married for 23 years have two children both now at univesity aged 22 this year and 20 this year
the only asset we have is our home. Do we just simply spilt this asset or do i pay maintenace as well. I earn twice as much as my wife who has always continued a career

  • attilladahun
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16 Jan 08 #10791 by attilladahun
Reply from attilladahun
No she has a potential SM claim

Case probably is

Split capital after repaying debts
Divide contents
pension share
Continuing SM till retirement or if inc Clean Break you give W more capital in lieu of SM
Support from both parents for C till finish tertiary education
What is the respective incomes as one needs to know if she can manage

  • racjon
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16 Jan 08 #10827 by racjon
Reply from racjon
What is SM ?
She currently works (choice) 4 day week with £1350 take home I take home £3500
My salary goes into joint account and pays all bills except food for family her pay goes into her account to buy food for month run her car and any bits and pieces she needs.
She has a local gov pension scheme.
I was in compant scheme which went into admin 5 years ago and currently contribute to self admin scheme
daughter uni fees paid for this final year
buy has two years to go at £2500/ year

why do i have to pay maintenece

  • Monster
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16 Jan 08 #10838 by Monster
Reply from Monster
Spousal Maintenance

Spouse maintenance (called "alimony" in the U.S) can be awarded if one party (commonly the wife but not always) cannot adequately support themselves without payments from the other. It can be awarded for a set term or for life. The amount depends on what is seen as reasonable measured against a lifestyle that the recipient could expect; and against the payer's income. It can vary from time to time. It comes to an end if the receiving party re-marries. Often a claim for maintenance is settled off in exchange for a lump sum settlement. :)

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