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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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How is share of marital assets calculated???

  • bella123
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01 Oct 07 #4208 by bella123
Topic started by bella123
Does anyone have a clear idea of how the courts will really divide assets?
When I married my 2bx I owned a flat (now worth quite a bit more than it did 5 years ago when we got married),held a pension and had quite a lot in savings.
My 2bx didn't have own a property and had cashed in some of his savings to invest in a business that went wrong.
I supported him for first year and a half of marriage so he could pay off the debts he accumulated , but then had to stop working through ill health.He supported me for next 2 years until last year when I was able to go back to work, which I had to do as he was no longer working and we were broke.
2bx had also invested in another business during the marriage and had lost money on that too.
I work part time (I am disabled),2bx no longer in marital home and does not contribute to mortgage or bills. I on low salary but fortunate to get DLA which helps with bills. He working part-time altho in full health. I am worried thatI am going to lose my home and not be able to afford anything suitable for me to live in in my condition (which will deteriorate with time.) Any thoughts?

  • LittleMrMike
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02 Oct 07 #4244 by LittleMrMike
Reply from LittleMrMike
It is unfortunately impossible to say without a much fuller knowledge of your respective assets and incomes.

One of the Court's main objectives is to make sure both of you have somewhere to live.Presumably your x2b must be living somewhere, so that is in your favour.

So also is the fact that you have a disability.

You say your husband works part time. Any reason why he can't work full time ?

Short answer is, I need to know much more. Send me a private message if you would rather keep it confidential.

Mike

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