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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.


Money earned after separation but before divorce

  • robmcd
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04 Dec 07 #8426 by robmcd
Topic started by robmcd
Anyone know what happens to any money earned between separation and the divorce being finalised?

If I'm only going to get 30% (its a possiblity as ex2b will have children and has little earning potential after 10 years of marriage) then does the money I'm earning now get added to the pot before splitting or is this considered mine?

  • attilladahun
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04 Dec 07 #8441 by attilladahun
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Court looks at the parties capital and income at the time of hearing.

If though you inherited post separation that is usually ignored so would say Personal Inj damages rec'd post separation.

Most people don't have the ability to save after paying CSA, SM if relevant and paying for yourself?

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05 Dec 07 #8456 by robmcd
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So if I don't work between now and the settlement (I work on contracts and can't always find one) and we start to eat into our savings, if we assume a 70:30 split in x2be's favour, 70% of what is being spent will be from my wife's share!

Given I've been working my a**e of for the last 10 years to put us in a sound financial situation while x2be has been at the gym or at the shops or at home chatting to the cleaner, the ironing lady, the decorator and the gardener (not all at the same time), maybe its fair I now have a rest!

If I put this strategy into place, will I end up with a worse share of the pot when we settle?

  • mike62
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05 Dec 07 #8502 by mike62
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robmcd wrote:

Given I've been working my a**e of for the last 10 years to put us in a sound financial situation while x2be has been at the gym or at the shops or at home chatting to the cleaner, the ironing lady, the decorator and the gardener (not all at the same time), maybe its fair I now have a rest!


:ohmy:Sounds terribly familiar rob!

In my case, it is about providing for my kids, but like you I hate the thought of my hard earned at the moment going in Monsoon....:angry:

Hope you do what is right and fair.

Best of luck

Mike

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05 Dec 07 #8521 by sexysadie
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Rob, I don't think it's that simple. A settlement can take a long time and if you are deliberately not working for most of it when you have always worked before then I think that will be obvious to the court, where your earning potential is taken into account anyway.

Sadie

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06 Dec 07 #8535 by Mrs Ingledew
Reply from Mrs Ingledew
Know the feeling!
I have worked for 8 years to support my stbx Husband build and lose several businesses whilst having time to play with his horses, computer games etc (oh and have an affair with my exfriend!)
My lovely ex is going bankrupt and wants 50% plus says he needs maintenance to retrain!!
This is a man who over the last 8 years - set up and failed at a trademark law business, started a teached training degree (was heading for a 1st) but found juggling collecting the children too hard so jacked it in, started a minature painting business (failed), started a computer game business (publishers went bankrupt but he didn't pursue new leads - failed) has cleared the company bank account and is now hidding his earnings as a groom!

So play it the other way guys!! But you won't because you are decent men.

Sorry - just had to rant!!

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