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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.

Divorce settlement

  • Jubuk
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19 Sep 12 #356674 by Jubuk
Reply from Jubuk
I have earned income since the split .
Married 35 yrs
No dependent children
Savings only in my name since split
55 yrs and 60yrs
Dad passed away 3 wks ago will split between myself and two other siblings

  • soulruler
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19 Sep 12 #356678 by soulruler
Reply from soulruler
Who is 55
Does your wife have any independent income
What are your earnings
Is a trust being set up as a result of a will, did your father write a will?

is she likely to receive an inheritance
What do you think is the value of the house
What is the value of your pension

If you do not want to post up details you could always send a personal message to the contributors of this thread for their differing opinions.

  • Action
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19 Sep 12 #356681 by Action
Reply from Action
My ex husband''s solicitor advised him to stop contributing to the FMH costs as that could be seen as ''interim maintenance''. I think you need some legal advice fast as I think your savings and the inheritance could very well be classed as belonging to the ''matrimonial pot''.

Do you both work?
Can your wife support herself financially?
Is the house bigger than she needs?
If it were to be sold would the equity buty a place for each of you? What are your respective mortgage raising capacities?
Which of you is 60 and which 55?

You need to look at everything on a ''needs'' basis. I suspect that the current arrangement is not sustainable.

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