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What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.
The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.
A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.
Facts are:
- married 19 years almost aged 49 and 48
- two kids - 18 and 13
- in that time I worked, she didn''t until
- she is self-employed last two years and earns circa £24k gross
- I earn £52k, although my market rate is higher and I''m looking to get a new job
- equity in house about £175-£190k
- assets in terms of cash, vehicles etc say £15k
- pensions, nothing much, not paid into anything for a long time as she felt property was better and we fell out about this a long time ago
is this fair on both of us?