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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.


equity

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10 May 12 #329656 by bikemad650
Topic started by bikemad650
when we finally work out the equity in the house etc is it taken into account tht i will need to buy wardrobes, cooker,fridge , freezer, furniture etc

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10 May 12 #329662 by cookie2
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Taken into account by who? A court?

Yes, it''s relevant. But often the value of these items is small compared to the equity in a house and the court costs of discussing it.

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10 May 12 #329671 by bikemad650
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i was meaning when her solicitor puts together an offer and i have come out of the family home with virtually nothing it will probably cost me 5-7 K to furnish, would a court take it into account as im guessing her offer will be poor judging by her behaviour.think it will go to court anyway,

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10 May 12 #329685 by cookie2
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An offer is an offer, you can take it or leave it. And you can make whatever counter-offer you like. If you want to say "I want £6k more because I need to buy new household items" to her solicitor then go right ahead.

Good luck convincing a court that you need £5-7k to furnish a house!!!

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10 May 12 #329695 by bikemad650
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good god pal not sure where you shop or the last time you bought anything but decent fitted wardrobes are 1K, decent bed the same, cooker 500, washing machine 400, fridge/freezer 400, table/chairs 1000, settee £2500, unless i go to Aldi i suppose, all adds up, :(

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10 May 12 #329698 by cookie2
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Like I said - good luck convincing a court of that...

The maximum you''ll ever get from a court for household possessions is 50% of the second-hand value of the FMH contents. After all, if you want to spend 2.5k on a sofa, why should your ex pay 50% of that? If the positions were reversed I doubt you would be happy to buy a £1k fitted wardrobe for your ex?

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10 May 12 #329699 by bikemad650
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ok cheers

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