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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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Shared Business

  • memi123
  • memi123's Avatar Posted by
  • Junior Member
  • Junior Member
28 May 12 #333487 by memi123
Topic started by memi123
Hi can anyone help with this question. I am a director of our shared business and receive dividends - what happens if we divorce to the business and my presumed loss of income?

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
28 May 12 #333501 by Fiona
Reply from Fiona
The value of a business can be capital or the income stream it produces. Either way the value for divorce purposes will first of all need to be ascertained and then taken into account as part of the overall circumstances.

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