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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.


Nominal Spousal Maintenance

  • AiryFairy
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01 Aug 12 #346768 by AiryFairy
Topic started by AiryFairy
Hi,
I''m new to the group any currently trying to reach a settlement. My question is about Nominal Spousal Maintenance. My solicitor is urging me to include it Consent Order.
I currently work and will be buying out my stbx who is out of work. I will stay in FMH with our 8 year old. There is some equity in the house so on what grounds would be claiming it in future?
Thx

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01 Aug 12 #346772 by dukey
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Nominal orders are very common when one spouse eanrs more than the other and the lower earner has children to look after, they are rarely activated, if you refuse after the solicitor advised it the order may well be refused by the judge, your paying a solicitor to advise its best to listen.

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01 Aug 12 #346773 by Fiona
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Nominal SM is insurance so that if you hit hard times say because of redundancy or ill health and your ex has the ability to pay your child doesn''t suffer undue hardship. Some judges will insist on a nominal amount of SM before signing off the financial order.

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02 Aug 12 #346876 by AiryFairy
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Thanks so much.

Does that still hold weight if we have shared residence

AF

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