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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.


post 1st appointment

  • Zirus
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23 Jun 12 #338539 by Zirus
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Hi everyone,
i wonder if anyone can help please. i am a respondent to divorce, just returned from 1st appointment hearing with FDR set for hearing in a month.married 1.5 years, cohabitation period of 5 years prior to marriage. no children or any pensions.have investment properties that provide my only source of income through rental income.collectively they show a negative equity of 70k through valuations carried out by Zoopla.matrimonial home is the only joint investment with spouse but that too has a negative equity of around 15k.spouse doesnt trust the zoopla valuations and judge has ordered formal valuations to be caried out prior to fdr. in the event of formal valuations showing similar figures as my zoopla valuations what do you think the judge will do? please help as i am self rep ping

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23 Jun 12 #338544 by dukey
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You need to give loads more details before anyone can begin to advise.

When you say formal valuations do you mean estate agents or surveyors?.

Your respective ages;

The number of children you have and their ages;

How many nights the children spend with each parent;

The length of your marriage and any period of pre marriage cohabitation;

Your respective incomes;

Your respective outgoings;

Your assets - both soley held and joint;

Your liabilities

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23 Jun 12 #338552 by Zirus
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thanks for your reply.
estate agent valuations required. no children of marriage.one and half years in marriage and 5 years cohabitation.my age 57, wife 50. my income after outgoings are around 15k per annum.rental income can vary through void periods when properties are empty.wife''s income is 25k from part time work. dont know her outgoings.my assets are -70k as my houses have fallen in value and are in a negative equity situation. the matrimonial home which is empty and un occupied is the only joint asset but that too has a negative equity of around 15k

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23 Jun 12 #338553 by dukey
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Where are you both living right now?

Do you have any pensions between you?.

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23 Jun 12 #338556 by Zirus
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both living separably in rental accommodation. i have a private pension thats on ''drawn down'' with no lump sum available but totalling 30k paying 200 per month that i use as income to suppliment my low earnings from rents. she does not have a pension as far as i am aware

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23 Jun 12 #338560 by dukey
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No one can ever say what will happen but i think given her income the chances are you will both end up with more or less what you had before you married.

You both have a modest income with very little in the way of assets, the rentals are you source of income and ok so you have a small pension but she earns 10k more than you do, both of your housing needs are met, this is one of those the judge will want shot of very quickly.

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23 Jun 12 #338561 by Zirus
Reply from Zirus
thank you very much for your replies. much appreciated

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