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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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split of assets

  • ALEXANDER
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24 Jul 07 #1525 by ALEXANDER
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ok..bit confused ..bear with me...i don`t have a pension , my husband always said don`t worry..his CETV value is approx £333,000. we are both 53....so what might this mean for me...sorry to be so thick..all of this is getting to me

  • charlie
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24 Jul 07 #1527 by charlie
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Alexander,

It just means that:

1) The pension is part of the pot, and is up for grabs

2) It is not worth as much as the equivalent cash.

So if you are agreeing to split everything 50:50.

Then u could take half the cash each and half pension each.

But to split it:
- 750K cash for one of you
- and 420K cash plus 330K CETV pension for the other one
is not fair cos one person has 750k of readily usable cash and the other person has a chunk of their share tied up in the pension.

So a fairer split might be to regards pension as only worth
200K. So you split 685k cash vs 485kcash+pension.

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24 Jul 07 #1528 by charlie
Reply from charlie
Alexander,

It just means that:

1) The pension is part of the pot, and is up for grabs

2) It is not worth as much as the equivalent cash.

So if you are agreeing to split everything 50:50.

Then u could take half the cash each and half pension each.

But to split it:
- 750K cash for one of you
- and 420K cash plus 330K CETV pension for the other one
is not fair cos one person has 750k of readily usable cash and the other person has a chunk of their share tied up in the pension.

So a fairer split might be to regards pension as only worth
200K. So you split 685k cash vs 485kcash+pension.

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