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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.


Fair Financial Settlement for 2.5 yr marriage

  • longbow
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09 Jan 08 #10329 by longbow
Topic started by longbow
Hi, been married approx 2.5 yr,own my house 4 bed with 85k mortgage, my x2b put 80k into the house when we married, put her on mortgage last yr, then said wanted to leave later on, what would be a fair settlement in view of the short time ?, may be house worth 350k less whats owing.i have my two teenagers living with me from previous marriage, no kids involved.Thanks.

  • Specialdad
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09 Jan 08 #10330 by Specialdad
Reply from Specialdad
In view of the short marriage.

She gets her £80k back.

Then the remaining £185 split 50/50.

  • sexysadie
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09 Jan 08 #10348 by sexysadie
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I don't think that's right. I think she gets her £80 000 back plus a share of how much the value has increased during the marriage. The marriage is short so she shouldn't be entitled to 50% of value and certainly not 50% once she's got her cash input back.

Sadie

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10 Jan 08 #10354 by longbow
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thanks sexysadie i was breaking out in a sweat then !!, sounds ok to me, only we both earn the same,if we sold the house i would still need the same size to accomodate my old teenage kids. thanks

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