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Read our latest Financial Settlements guide (2021) 

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.

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Children of the Family?

  • RLawson
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05 Oct 07 #4356 by RLawson
Topic started by RLawson
Hi,

Both me and my ex have children from previous relationships. I have 3 girls aged 8, 12, 13 and he has 2 boys aged 18, and 15. When I saw my solicitor he said that the children would be classed as "children of the family" and will be considered as part our divorce.

Does anyone know how children of the family affect the financial settlement?

Hope someone can shed some light on this for me?

Rachel

  • Fiona
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06 Oct 07 #4404 by Fiona
Reply from Fiona
If all the children were living with you both their housing needs will be a major factor in the division of capital. It's not uncommon for the main carer with children to remain in the FMH with the split being in their favour to ensure that financially both parties are on an equal (not necessarily the same) footing. In your case there are two main carers with responsibility for children so there is less argument to diverge from a 50:50 split of assets. Also as both have child related costs it reduces the ability to pay any SM.

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