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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!

  • hawaythelads
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29 Apr 12 #327099 by hawaythelads
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That''s a great idea.
Good luck with that plan.
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  • Palermo
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29 Apr 12 #327102 by Palermo
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hawaythelads wrote:

That''s a great idea.
Good luck with that plan.


We both have to agree to the sale.
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  • hadenoughnow
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29 Apr 12 #327107 by hadenoughnow
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It may be that selling the house is not an option right now. The children need a home. It may well be a cheaper option than renting providing she can afford to run the property. Selling and downsizing is unlikely to be an option as neither of you would be able to get a mortgage as things stand. You may end up with a share of the equity - but won''t get it until say the youngest is 18

The incomes you mention are very low but presumably you can get tax credits which will boost it? Could you also get a student loan or hardship grant?

I should imagine there is also likely to be nominal spousal maintenance partly on the grounds that once you finish University you will be getting a full time job and if she needs more help, you will be in a position to provide it.

Hadenoughnow
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29 Apr 12 #327110 by Palermo
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hadenoughnow wrote:

It may be that selling the house is not an option right now. The children need a home. It may well be a cheaper option than renting providing she can afford to run the property.


Even with benefits and her wages she could just about manage IF she was good with money, she isn''t.

Selling and downsizing is unlikely to be an option as neither of you would be able to get a mortgage as things stand. You may end up with a share of the equity - but won''t get it until say the youngest is 18

The incomes you mention are very low but presumably you can get tax credits which will boost it? Could you also get a student loan or hardship grant?


Tax credits pays me very little. Between the stress, studying, having to look after the children, tidy up etc, etc I don''t have the time to look for more work.

I should imagine there is also likely to be nominal spousal maintenance partly on the grounds that once you finish University you will be getting a full time job and if she needs more help, you will be in a position to provide it.

Hadenoughnow


As soon as I get my degree I''m leaving the country but I''m looking to get remarried asap so need the money to settle down and start over. I''m not looking to get a mortgage. I could live on rent for the next 2 years provided I get a fair share of the equity.

Long term the kids want to live with me.
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29 Apr 12 #327120 by sillywoman
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I think you need to smell the coffee.
You want half the equity, leave the country and get married asap.

There are two children and a wife who both need housing!
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29 Apr 12 #327122 by Palermo
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I will look after the children at the weekends and during the week while she works as is the case at present and how exactly am I going to do that if I don''t have a place to live? I''ve paid all the bills for 10 years yet she gets upto 70% of the equity, £4K on which she''ll blow on getting a gastric band fitted. Sounds perfectly fair.
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29 Apr 12 #327126 by hawaythelads
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I don''t think you''ll be
"Getting it over with"
Anywhere in the near future with your unrealistic expectations.
The court couldn''t give a monkey''s who''s paid the bills during the marriage.
The assets are divided and the bigger share is given to the parent who will be housing the children.
Single divorced men are generally expected by the government to fxck off with a small financial settlement and then pay the ex misus 20% of his take home in cm and earn his own money back unecumbered by the kids.That''s not written anywhere but that''s how the law likes it to work in reality.
Women keep the kids and the house. Men pay for it.
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