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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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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.


equity/fmh split??

  • dreyfuss
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21 Sep 07 #3791 by dreyfuss
Topic started by dreyfuss
Hi all, first post here :(

What is a fair split of the following please?

FMH is 3 bed semi in village approx 5 miles from city in midlands
FMH Value-£150,000 approx
FMH Mortgage-£53,000
Lived in FMH for 5 yrs total
Both sold own properties to purchase FMH
2 kids 5+2 yo will live with W
Married 4 yrs
H-26k pa full time -CM £60 pw
W-14k pa 30hr week + CM £60 pw + CB + WTC
Kids stay with H 1 night pw and 3 afternoons
No other debt (to the best of my knowledge!)
Endowment worth approx 4k if cashed today
2 cars 5 yrs old
2 small pensions
approx 3k in savings total
H put 40k into purchase of FMH before marriage
W put 11k into purchase of FMH before marriage

Any advice/opinions greatly appreciated as looking for realistic settlement. Will post verbally agreed settlement at later date as mediation ongoing over a few points.

Cheers

  • Louise11
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22 Sep 07 #3800 by Louise11
Reply from Louise11
Hi dreyfuss welcome :P

The trouble with working out or someone telling you what is a fair split, never really quite works out, if you use the calculator or someone gives you, in their opinion, a calculation based on their experience or knowledge of the courts, it will always be seen by someone as unfair.
What I am trying to say to you is, its what you and you ex2b deems fair, if you can keep the court system out of all this then that will be so much fairer for you both. The trouble with court system is, if it gets ordered who gets what, the split may even be unfairer or work out better for one party and thats the problem its a gamble.
try and come to some agreement yourselves, I do understand however that you would like someone to tell you a likely outcome so over to anyone who can advise dreyfuss on that one.

Kind ones
Louise

  • diane1950
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22 Sep 07 #3805 by diane1950
Reply from diane1950
Is it true that you can go to the C.A.B. for advice about
financial matters in a divorce, I am nearly 57 years old and I have no idea at all what I would be entitled to.:(:(

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