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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.

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Long / short marriage?

  • loopylucy
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16 Jan 08 #10815 by loopylucy
Topic started by loopylucy
Hi All

Hopefully this will be a quick one to answer.

I'm confused (as usual) about what is classed as a long or short marriage, I was married for 7 years at split and 9 years at Decree Absolute, will this have been a short marriage?

Can anyone explain what bearing the length of the marriage has on financial settlement?

Thanks.

L

  • Josh2008
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16 Jan 08 #10817 by Josh2008
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I would class it as a 'medium' term marriage

Short is usually up to about 5 years, long is about 12 years plus

Financially you should be equal, but depends on more than just the two people involved, any young children? are you both working and earning similar etc..

Lot to take into account when settling finances

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16 Jan 08 #10825 by loopylucy
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Thanks for that. We do have two children, 6 and 8, who live predominately with me but care is shared and seems to be working well for all.

We do both work and historically I always earnt slightly more than him but since the split I haven't had any information regarding his finances so until the form E's are exchanged I won't know of any differences between us. He is director of his own limited company however, with a very creative accountant, so I'm sure he'll only be declaring the bare minimum :o(

Still waiting for a first appointment so I guess it's just wait and see.

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16 Jan 08 #10826 by Josh2008
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If it's a ltd. liability company then he is an employee of that company as well as a shareholder.

He will have to prove his past renumeration as well as current and if by way of creativity he is trying to hide something, it will be difficult for him.

Sounds though as if things are pretty amicable at present, but when it comes to money that may well change..


Good Luck

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