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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.


Hi everybody,

  • BallsOfSteel
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22 May 12 #332239 by BallsOfSteel
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I have just finished sorting out the finances, the Consent Order has been agreed and signed, its all done and dusted.

However the children of the familly one aged 22 and finishing 1st Degree and the other aged 20 still in education are to be sorted out. From what i know parents are only obliged to contribute untill 1st Degree but I am not sure about that. If thats true then its only one child left to contribute towards education. Am i being reasonable to ask the mother to make a contribution aswell? Is paying the mortgage considered also contribution if the child comes home for the summer?

Thank you

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22 May 12 #332243 by cookie2
Reply from cookie2
If the Consent Order is done then you only have child support to worry about. Contact the CSA for guidance.

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22 May 12 #332276 by BallsOfSteel
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Hi Cookie

thanks for the response, still confused.

Child 1 has now completed her first degree studies whilst Child 2 is aged 20 and has still 4 years to go on his first degree course.

Is there a formula to work out what I should be contributing towards his academic studies.
Thanks

BOS

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22 May 12 #332279 by Fiona
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The CSA has no jurisdiction for child maintenance for over 18s in advanced education (above A level standard). Child maintenance for over 18s in education can be agreed as a private arrangement or included in a Consent Order as part of the overall financial settlement. Alternatively over 18s in education can apply to court for maintenance from separated parents in their own right.

There is no formula and it is a question of looking at the student''s expenses and determining what is reasonable given the resources available.

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22 May 12 #332280 by BallsOfSteel
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Hi fiona

thanks or the prompt response, who deems what is reasonable. I have been paying everything for my sons accomodation however as a result of the settlement I will have very little to start again. However my ex wife has significant resources once the FMH is sold.

I think she should make a contribution, although I earn twice as much as her I having nothing in terms of asetts.

thanks

BOS

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22 May 12 #332348 by Fiona
Reply from Fiona
The way I did it was to recognise that after the divorce settlement my ex-husband and I were financially autonomous. I have no control over whether or not he contributes so I negotiate my contribution directly with our children.

We calculate annual living costs then deduct loans/sponsorship and I pay half of the shortfall. It''s then up to the children to make up the rest by working or negotiating with my ex.

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