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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.


Do you need help sorting out a fair financial settlement?

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.


Financial order needed?

  • SMCD2005
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15 Apr 12 #323897 by SMCD2005
Topic started by SMCD2005
Be grateful if someone could shed some light on whether it''s necessary to apply for a financial order if consent/agreement can be reached between the two parties? I am shortly going to file the Petition and you can indicate whether you want to apply or not. I understand it can be done after initial Petition, but want to ask if it''s necessary to have one. Many thanks, SMCD

  • WhiteRose
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15 Apr 12 #323900 by WhiteRose
Reply from WhiteRose
Hi,

Sols tend to advise to tick the boxes in the Petition, whilst you''re in agreement now, there''s nothing to stop either of you changing your mind and back out.

Think of the tick box as a safety net, you only need it if you fall (and if you do, its good to know its there)

However if you reach an agreement between you - its not needed and you can have your Consent Order drawn up and signed without going to Court :)

WR

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15 Apr 12 #323923 by SMCD2005
Reply from SMCD2005
Many thanks for that advice, makes sense. Will tick the box but hope we won''t need to make a request for a financial order. SM

  • studentmum
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15 Apr 12 #323938 by studentmum
Reply from studentmum
Learn from my mistakes !!
Although I divorced six years ago, I didn''t get a Financial Order. My ex-husband convinced me that we didn''t need one, and that we could agree it between ourselves.
Fast forward six years, and I have spent the last 10 months and over £2000 trying to get my now remarried ex to sign a Consent Order that will allow me to sell the FMH and secure me a small amount of spousal maintainence.
He''s quibbling over the spousal maintainence bit - hence the delay.
Even if you don''t need it now - once the finances are agreed and set, that side of things can be put to bed, and you can both begin to move on.
Things can and change !

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