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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.

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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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Pensions

  • Manor9988
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30 Apr 12 #327540 by Manor9988
Topic started by Manor9988
Got FDA in about 2 weeks and self rep.
Minimal matrimonila assets outside of pension (mine) CETV £245k. pensions built up over 28 yrs and first 10 yrs before i met wife.She has no pensions.Marriage 18 yrs.
She asked for actuary report , i earn c£75k she earns £5k working part time kids 18 and 16.
To avoid delay and costs of actuaries i have sent without prejudice offer to do 50/50 share of all pension with her.

Have I made mistake here ?

  • sexysadie
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30 Apr 12 #327546 by sexysadie
Reply from sexysadie
I don''t think so. Given a long marriage and the enormous difference between your incomes and presumable earning potential, you are likely to have to do this anyway. As you say, you may as well save time and the valuation fee.

No other property, house, etc.?

Best wishes,
Sadie

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