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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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what does standard of living mean?

  • megan
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26 Feb 08 #15086 by megan
Topic started by megan
c) the standard of living enjoyed by the family before the breakdown of the marriage.

What does this mean in practice? I don't expect to have the same great house after we split but to get a 2up 2 down in this area will not be possible. He will have value of her home and income which will mean about the same standard of living for him. We earn about the same but will I be entitled to more than 50/50 to buy somewhere?

  • loobyloo
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26 Feb 08 #15087 by loobyloo
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mEGAN HI
I have raised this point, because each and every court hearing to date the standard of living has never been addressed and that of the kids either
before i left i had as the means to fund a good lifestyle esp for kids, they both attended private school and wanted for nothing
Im lucky at the moment if i can pay for extra curriccular stuff for kids, whlst him the reason for the divorce is still enjoying prob a better standard of lving...yes...til he gets knobbled...live in hope
looby

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26 Feb 08 #15097 by Exasperated
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Hard to say especially if you are both earning around the same amount, are there kids involved? if so then the percentage should swing in your favour.
Is there previous info on this as you mention "he will have value of her home & income".

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26 Feb 08 #15098 by Specialdad
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The courts usually apply the reasonable test. meaning that the parties should expect a reasonably good standard of living comparable if not the same as before, but allowing for the costs of two households out of the same income as before.

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