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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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Some simple advice points please

  • ukchris
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28 Jul 07 #1611 by ukchris
Topic started by ukchris
I'm 50 and my wife is 61 i.e. could retire.
Married 15 yrs
No kids, house worth 200k, 50k mortage.
Pensions for both, I've always paid hers.

Would this be a staight 50:50 of assets or due to her age and near retiriment would it be weighted to her. Plus would the pensions be looked at and how

Thanks in advance

  • Sera
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28 Jul 07 #1614 by Sera
Reply from Sera
No idea. Have you tried the Divorce Calculator?

  • ukchris
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28 Jul 07 #1615 by ukchris
Reply from ukchris
Yep and I get reamed :(

  • Sera
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28 Jul 07 #1617 by Sera
Reply from Sera
If you've got no kids, you could sell the marital home, split equally, and probably both buy your own smaller places.

Pensions are difficult, (so I read!) You'll probably be needing legal advice, because there seem to be no fixed rules on that.

  • Louise11
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28 Jul 07 #1626 by Louise11
Reply from Louise11
Hi UkChris,

Its not about what we see is fair or even a court for that matter, its what you and your spouse think is fair that counts. if you can both reach an amicable agreement then that is it! Unless it is grossly unfair then I can see no reason why a Judge would not grant you both a Consent Order.
I too in our case dont like the calculator it always seems to lie heavily in the "other" parties favour! lol.
Anyway i hope you can both come to some agreement without resorting to the courts and solicitors.

Good luck
Kind Regards
Louise

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