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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.


Let''s Get It Over With!

  • Palermo
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28 Apr 12 #327028 by Palermo
Topic started by Palermo
Hi

I''ve been married for 14 years and alone for 14 years. My ''wife'' is straight from the Jeremy Kyle show. She shouts, she swears, she has temper tantrums, is irrational. Doesn''t speak to her father, brothers etc, etc. She is a stain on the face of humanity, a nasty piece of work but I didn''t want my children to grow up to be drug dealers liker her nephews so bit my tongue despite being desperately unhappy.

She issue me with a divorce petition, after crying wolf several times over the years and I signed it. I don''t have the finances to fight besides the kids are old enough know to see her for what she is, two boys aged 13 and 7.

We''re at the financial settlement stage. If I get a 50-50 split of the family home I will be delighted, I can start again.

My deepest sympathies to everyone in a similar situation.
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  • sillywoman
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28 Apr 12 #327033 by sillywoman
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Unfortunately it is very doubtful you will get 50 50 of the family home particularly if she is the main carer of the hospital.
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  • Palermo
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28 Apr 12 #327035 by Palermo
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Hospital?!?!? If not 50-50 what am I looking at?
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  • Lostboy67
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29 Apr 12 #327038 by Lostboy67
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Hi
The financial settlement is a complicated area. The primary focus is the welfare and housing of the children, if you post the following details someone may be able to give a view in settlment

Respective ages
Lenght of marriage and co-habitation
Salaries
Number and ages of children
Amount of time they will spend with each of you
Assests both jointly and individually held
Liabilities (debts) Jointly and individually held
Values of pension you each hold

With a long marriage the starting point is a 50:50 split but this gets tilted one way or another depending on individual situation. It is not uncommon for the Parent With Care (PWC) to be awarded a larger share, typically 60:40 split but often higher than this.


LB
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  • Palermo
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29 Apr 12 #327042 by Palermo
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I am 39
She is 34
We both now work part-time & I am studying at University. We earn around £4000 each pa
2 boys ages 13 & 7.
Time spent to be determined but weekends I think she will agree to as a starting point
No assets
She has £3000 of debts I have none
My pension is valued at around £10K.

There is £58K equity in the house.
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29 Apr 12 #327084 by hawaythelads
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You''ll be lucky to get 30% of the house equity if the two kids are staying with her to live.
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  • Palermo
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29 Apr 12 #327098 by Palermo
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In that case if she doesn''t agree to a 50-50 split I will refuse any offers for the house unless they''re way about it''s value.
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