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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.


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.


How Accurate is the Divorce Calculator?

  • scottishlady
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15 Sep 07 #3401 by scottishlady
Topic started by scottishlady
Hi....
I know the Divorce Calculator isn't 100% accurate..... but I just wondered how accurate it actually was....
I have put in all our details, and it is saying I should get a 60/40 split (in my favour)...... it is also telling me that my x2b should pay 1,082.00 maintenance per month... now... I don't know about these things - the 60/40 split sounds as though that may be reasonable to assume given our situation... but the maintenance seems a lot... and to be quite honest, I cannot see my x2b handing me 1000 + a month..
Any comments would be welcome
Thankyou
Karen:S

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15 Sep 07 #3406 by Fiona
Reply from Fiona
Remember the calculator is a trial and, yes, I agree it does seem to estimate SM quite high sometimes. If you feel like posting the financial details including; the value of the FMH; the mortgage amount; values of savings, investments and pensions; any debts, valuble items (horses, boats, art collections etc); your ages and respective earnings posters could make educated guesstimates.

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15 Sep 07 #3407 by scottishlady
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Thanks Fiona....
An Estimate.....
Married 17 years... me - 44....x2b - 55
After mortgage is paid there will be approx 150k re house.
No debts
Assets approx 50k (savings etc)
X2B earns 1K a week...... I earn £150 a week
Karen

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15 Sep 07 #3410 by LittleMrMike
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There have been quite a few comments on this site saying that the calculator is unduly harsh when it comes to spousal maintenance, and when you have ladies who say they feel uncomfortable with the suggested figures, then there is probably some truth in it.

However, my gut feeling here is that the figure of £1082 per month is a little on the high side, but by no means impossible. My figure was £1016, on the basis of a 33 per cent share of joint incomes. But there are other factors in the equation, of course, and it is perfectly possible that theye may be a little tweaking and fine tuning ; a Court will look at the whole package, and may scale your award down if the proposed settlement is considered unduly harsh on your x2b.

Mike

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15 Sep 07 #3426 by Fiona
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15 Sep 07 #3428 by markp
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ther should also be a catagory for saying if one party is cohabiting as this also has an effect on the payment of maintance. in my case my son will be living with me full time although his mum will have contact but does not want overnights, my income is 4x hers as i understand it, but she his cohabiting and my solicitor says i will not have to pay sm but the calculator says i will.

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16 Sep 07 #3464 by Sera
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I used the calculator, and it says my x2b should pay me £1,545.00 per month in spousal maintenance!

But, I wasn't even going to apply for it!....

I am 'brick rich, and cash poor', but because of a short-term marriage, I'd assumed I wasn't able to claim maintenance. I worked with my husband, he fired me! I earn £10k a year in a 'freelance' capacity, he earns £60k.

Do you think I can apply for maintenance?

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