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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.


Help me

  • steg22
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09 May 12 #329435 by steg22
Topic started by steg22
I am coming up for 70 years old and my wife of 30 years has just left me. We still redisde in the same home but I''m worried she''s going to try and take as much as possible, she has been working for 7 years since I fell ill with various things before that I was the sole bread winner for us and our 3 kids. The house is in my name only. I just wondered how much is she entitled to? will I have to move out when I''m so close to the end? where could I go?

thanks in advance

Dave

  • Mitchum
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09 May 12 #329442 by Mitchum
Reply from Mitchum
Dave,
Welcome to wiki. You''ll be very glad you found the site. Sorry you''re in this position but I''m sure others with a legal background/knowledge will be along soon to help you sort out what must be a very upsetting situation given your age.

Just take all the advice you can get and if possible get someone to check it through with you at home. Don''t be panicked into making rash decisions before checking and double checking.

It''s going to be tough but now you have help to work through the practical, legal and emotional issues on this site it will be a lot easier.

Look after your health and try to spend time with friends who will support you and help you to stay positive.

Best wishes.

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09 May 12 #329443 by cookie2
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DO NOT move out. If you do, you will disadvantage yourself financially.

It is a very long marriage and for the last 7 years your wife has been working and supporting you, therefore she is certainly not going to be able to simply put you out like a cat. A lot of these things depend on the figures and circumstances so we would need to know the following:

1. Your wife''s age
2. Your respective incomes including pension payments and any benefits
3. Children''s ages
4. House value and mortgage amount
5. Any other assets such as savings, shares, valuables, cars etc
6. Each of your pension CETV''s
7. Any debts or liabilities such as credit cards, loans, what they were for, whose name

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09 May 12 #329451 by steg22
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Thanks for the help I believe these are accurate.

1. 53
2. She earns about 6500 a year my pension is £80 a week.
3. 23, 21 and 19 (the 19 year old still stays at home but has took her mothers side)
4. valued at about 95,000 no mortgage as I bought it all myself about 30 years ago.
5. We have a car each and I also own a vintage car but no other real assets.
6. What is a CEVT?
7. No debts or liabilities (if you haven''t got it dont spend it)

Thanks again

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09 May 12 #329452 by steg22
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Also although she has worked the last 7 years I only stopped selling gold about 2 years ago. It was also me who just recently bought her a new car

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