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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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House value?

  • fio
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22 Jul 07 #1503 by fio
Topic started by fio
I know my husband is thinking in terms of divorce after 28 years of marriage. I was wondering if anyone could advise me please. We have a house which is need of refurbishment and modernisation. When he goes I would like to get the house up to scratch, with a view to increasing its value. Should I have it valued as soon as he leaves? Will I have to share the increase in value?
I know I really need to talk to a solictor, but haven't plucked up the courage yet.
I don't have my own income, having given up my career when we had the children, now 21 and 18 years old.
Would appreciate any advice - thanks.

  • vanessa
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22 Jul 07 #1511 by vanessa
Reply from vanessa
If you can sort the settlement out yourselves then the value is what you agree but if you end up going through the courts it will valued when the finances are eventually sorted.he will have a share of the profit although your input may be considered although wih no income you'll have difficulties affording to do that.
There is more than just the house to consider get some advice some solicitors give free 1/2 hour consultations.

  • CollaborativeFamilyLaw
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22 Jul 07 #1512 by CollaborativeFamilyLaw
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Much depends on whether or not the house will have to be sold. I would in any event obtain three estate agents appraisals to get an idea of its current value. You shouls ask then whether or not its worth investing further capital on revovation work etc...quite often it isn't. Do this before you consult with a solicitor.

  • fio
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22 Jul 07 #1513 by fio
Reply from fio
Thanks to both of you for replying - good advice, I think a valuation from an estate agents is going to be useful.

  • markp
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06 Aug 07 #1770 by markp
Reply from markp
i'm in the same situation my solicitor adviced me to do nothing in the house and to get valuations from 2 or 3 local estate agents that give them free. if you make any improvements in the house it will increase in value by some degree and the other party will benefit from that increase untill things are legally agreed.

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