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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.

Equity v Pension

  • Rosey131
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  • New Member
05 Apr 21 #516401 by Rosey131
Topic started by Rosey131
Hello..can anyone give me some advice please. I have purchased my divorce through this site and my solicitor has sent the papers to court. Married 17 years and separated for 3 years so its on the grounds of 2 year separation. Me and ex have spoken regards to the finances and both in agreement that he will keep his pension and i will keep the eqyity on the house as its interest only but once paid i will have 70k. I understand that a Consent Order has to be filed and what i want to know is will this have a good chance of being granted as we both agree. No children involved and all is amicable.
please someone advise me..feel like I'm swimming against the tide lol.

  • hadenoughnow
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05 Apr 21 - 05 Apr 21 #516402 by hadenoughnow
Reply from hadenoughnow
A pension can be the most valuable asset in a marriage. It isn't a good idea to agree to any settlement without knowing all the figures involved, including for savings, incomes etc. Do you know the cash equivalent value of the pension and the type of scheme it is? Have you shared details of bank accounts etc?

Any settlement on divorce should take into account your respective needs for housing and income, now and in the future. The start point would be 50:50 but that may not be how things end up depending on the circumstances.

If a settlement looks unfair it may well not be agreed by a judge even if you have agreed it between you. I would strongly advise you to take legal advice. This site offers a fixed price legal financial consultation you may find useful.

Last edit: 05 Apr 21 by hadenoughnow.

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