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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.


how long does it take?????

  • soobee
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21 May 12 #332104 by soobee
Topic started by soobee
hi just got DN and was wondering how long approx it takes to get things sorted out with fianances etc...got lots to sort
house worth 280k
morg 83k
savings 25k
pension him 105k
me none
earnings him 60kplus
me 12k
married over 25yrs
adult kids
im just so fed up as its been dragging on ...just not sure of time scales?????:(:(:(:(

  • redwine47
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21 May 12 #332123 by redwine47
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Hi, I got my Decree Nisi over 2 Years ago and still not divorced yet as trying to sort finances. As we are going through the court process it is expensive and lengthy. Bit of a nightmare.

My advice is to try and sort between yourselves if you are both amicable. I''m sure others will be along. to suggest best options re finances
:-)

  • survive
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21 May 12 #332136 by survive
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Hi,

I agree with redwine, it will save a lot of time and money if you are able to sort ebtween yourselves.

There are no set timescales unfortunataley, a lot depends on the two parties involved and what they can or cannot agree.

My divorce started beginning 2010 and only just had the FH for ancilliary releif March 2012. Then got Absolute not long after.

The longer it goes on, the more it will cost you both.

Hopefully you will agree and save you both time, money and stress.

Good luck

Survive

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22 May 12 #332167 by cookie2
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soobee wrote:

how long approx it takes to get things sorted out with fianances

That very much depends on the people involved. Some divorcing couples can sit down together at the kitchen table and come to agreement in 10 minutes. For some it drags out for years.

If your ex is not co-operating in the negotiation process then it makes sense to apply to court. This sets a definite timescale.

  • Wiser
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22 May 12 #332175 by Wiser
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It will take longer than you want it to take.
And unless you both are amicable and can compromise, it will end up being more expensive than your ballpark figure.

DN jul 2010
FH jul 2011

another hearing this year to sort out financial split and 200k on legal fees combined (guess who spent what?).

Either party can drag it out and postpone hearings, my ex wanted to have the FH postponed, court said minimum 9 month wait from proposed date.

After going with a solicitor and viewing posts on here, I wish I had gone it alone (LIP) Litigant in Person, now I am and there is great resources here to help you.

All you need is a few good friends who you can "bore" them with hypotehecial questions and solutions, the rest is up to you and your ex, and if you have been married 25years, you can give a good guess of his game plan.

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26 May 12 #333061 by soobee
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thanks for replies ..yes got good idea of his game plan ..to drag it out as long as possible ...sadly we cant sort it out ourselves tried this at mediation..but he wudnt agree on anything....i just want to get on with my life and have my own home instead of renting.....dragging it out is the only way he can get to me at the momment ....

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