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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.

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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.

Advice on property

  • Hank
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18 Feb 08 #14287 by Hank
Topic started by Hank
Howdy - hoping some of you folks on here can help with a quick question?
I've been married for just over 3 years and am considering a divorce. We've got a mortgage together and was wondering if either party was entitled to more than the other if adultery is citied, or are the profits from the sale of the house just split down the middle regardless?
Thanks in advance!

  • DownButNotOut
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18 Feb 08 #14305 by DownButNotOut
Reply from DownButNotOut

The UK operates a 'no fault' divorce system so adultery has no direct bearing on the split of assets or maintenance.

50:50 is a starting point for the split, but in the common circumstance where there is not a great deal of money to go around then the primary factor becomes the 'needs' of each party.

The one with the lowest earning capacity or the highest childcare responsibilities may well get awarded a greater than 50% share based on their 'needs'.

See the wikivorce calculator page for a good idea of all of the factors that are taken into account.

  • Hank
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19 Feb 08 #14362 by Hank
Reply from Hank
Thanks for that - as you can probably tell, this is all new to me!

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