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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.


Anyone give me an idea what to expect here please?

  • memi123
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22 May 12 #332305 by memi123
Topic started by memi123
I am 42 Husband 52 - together 17 years married 11. 3 children under 8. H equity 120 Husband has pension pot of 280000 I have no pension. Husbands earns 80k I earn 9k Debt of around 20k. Does anyone have any idea whether myself and children might expect in a divorce by way of split of assets, maintenance etc as very worried as he states he cannot afford to house himself and keep us.

  • teecher
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22 May 12 #332308 by teecher
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Lawyer up- fast! My ex tried to pull this same trick on me, then proceeded to rent a new home with his new partner and her child.
He all but left me destitute and without family help I would''ve gone under financially as well as emotionally!
DO NOT MOVE OUT OF THE HOUSE AND GET A SOLICITOR NOW!!!

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22 May 12 #332312 by memi123
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He wants to avoid legal fees, as do I really. I just don''t know what might be reasonable to expect. I know he wants to keep his pension, but thats about it. If I keep the house I can''t pay it myself so I would need maintenance for myself and the children - is there a reasonable sum. Also his income fluctuates and is never the same month on month as he works for himself. Am worried sick. The house is 4 bed so not over housed as 3 children but equity not enough to house us once costs etc taken out - if we received top dollar for it (120k)

  • Lostboy67
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22 May 12 #332316 by Lostboy67
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Hi,
Although there is 120k equity in the property what is the outstanding mortgage on it ?
There is an argument that with 3 children a 4 bedroom house is overhoused (two of the children could share).
Your ex is on a good salary assuming it is steady but the fact that it is not may make it a little tricky to get a mortgage.

mediation may be worth concidering to help negotiate a settlement.

LB

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22 May 12 #332319 by memi123
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Hi the o/s mortgage is 320k as it is 4 bedroom due to recent renovations and remortgaging the payments are around 900 per month on an interest only mortgage. A 3 bedroom are similar prices in the area we live hence the renovation. His income is steady over the year but not month on month. We he have to pay SM at all in order for me to keep the mortgage and if so how much might this be ? would he also maintain 50% equity in the house? and how does it stand with the pension fund do you know? I am assuming these are the only things we have to our name to distriubute between us. I want it to be fair for all concerned but dont know the initial reasonable starting point here.

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