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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.


50/50-split

  • Beardy
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28 Sep 20 #514255 by Beardy
Topic started by Beardy
Hi
Married 16 years. 2 children (1 at uni in Newcastle and one doing A levels - private school). House worth approx £800k, pension pot approx £600k. Sold business so have £1.9m in bank. Previously always overdrawn due to school fees. Wife never worked. I asked but she refused to get a job even after kids were of school age. First time we have money in bank. Now looks like we are getting divorced, amicably at present. I think she is happy to share cost of kids education. Want to avoid legal costs. She will keep house. Is it a simple 50/50 split or does my hard work building a business over 30+ years count for anything? We're both 59.

  • WYSPECIAL
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28 Sep 20 #514262 by WYSPECIAL
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All contributions to a marriage are seen as equal so her looking after the home will be seen the same as you building a business

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