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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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Division of assets on similar incomes?

  • soon2bfree
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29 Mar 12 #320590 by soon2bfree
Topic started by soon2bfree
My wife and I are both high earners and have similar incomes. We have 3 children and at no point in her career did she take time off to be a homemaker. 2 of our children are now adults.

My question is how are our assets likely to be split by the judge? Unfortunately we are going to court to resolve this as she has refused mediation, saying that a judge will look more favourably on her as she will still have the kids living with her (even though 2 of them are over 18).

I can''t afford for her to clean me out as I need to be able to start my life afresh too, hopefully with new partner and family in the future.

  • Fiona
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29 Mar 12 #320594 by Fiona
Reply from Fiona
Although dependent children under 18 are a priority, over 18''s aren''t "irrelevant" and even if they are away at university it isn''t unreasonable for them to be provided with a base whilst studying for a first degree.

Housing the children might justify sharing the assets in your wife''s favour, but if you both earn the same and have similar mortgage raising capabilities the difference might not be very much.

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