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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.


Inheritance

  • Geo111
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22 May 12 #332302 by Geo111
Topic started by Geo111
Hello,
Can someone answer this question please?
I am going through a divorce and am at the stage of breaking up our assets.
We have been together nearly 30 years and married for 20. My stbx`s parents died 10 years ago leaving her some money which we invested in our house. My stbx has been at home bringing up our children and has not gone out to work for 25 years.
We have bought and sold several houses over the years using my salary to purchase and finance these properties before she received her inheritance.
I am being told that the law has changed recently and that my stbx will able to keep all the money she inherited and it will not be taken into account in our final settlement.
Is this correct?
Thanks

  • LittleMrMike
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23 May 12 #332365 by LittleMrMike
Reply from LittleMrMike
Well, this is news to me. I am not aware of any change in the law along the lines you suggest.

Do you mind my asking the source of your information ?

There is no doubt in my mind that inherited property is - at least in theory - included in the marital '' pot '' and available for redistribution. In practice the Courts tend to be a little reluctant to touch inherited property, but I think there is a good chance that the fact that she has this inheritance may well have a bearing on how the other assets are shared out.

LMM

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