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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.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


50/50 SPLIT?

  • julie321
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26 Jan 15 #454548 by julie321
Topic started by julie321
My friend has been with her partner for 23 years,they have two adult children, no dependant children.
The question is they have several properties jointly owned which she assumes will be a 50/50 split, however he owns a business which she is not named on, would she be entitled to a share in this?

  • Fiona
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26 Jan 15 #454552 by Fiona
Reply from Fiona
In England & Wales the value of any asset including businesses, pensions, investments and savings held in joint or sole names forms the matrimonial pot. However assets aren''t shared mathematically. Equality in divorce settlements means living both parties living a similar lifestyle to start independent lives and assets can be shared in different proportions to achieve that. Every cases depends on the overall facts in the particular case.

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26 Jan 15 #454553 by julie321
Reply from julie321
Thanks Fiona
Sorry I forgot to say they have never been married, does this make a difference?

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26 Jan 15 #454555 by Fiona
Reply from Fiona
Yes. If they aren''t married each party keeps their own assets and any joint property would normally be shared 50:50

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