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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.


Agreed 50 50 split what now

  • Georgezx9
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26 Oct 07 #5341 by Georgezx9
Topic started by Georgezx9
Hi we have been seperated for a year, we agreed to a 50 50 split of everything. Our son is 24 and away from home.

We are now both in our own homes on our own.
Presumably divorce courts would just accept that???

I know our pensions will have to be sorted.

But what do I do next to finalise everyting

George

  • mike62
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26 Oct 07 #5344 by mike62
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George,

Go and check out the Wikivorce step by step guide - see menu at top, go through 'Resources' to 'Step by Step Divorce Guide', or there is a link below.

www.wikivorce.com/joomla/Step-By-Step-Di...de/Introduction.html

You have been separated for a year, but unless one or other of you is going to petition the other for either adultery or unreasonable behaviour, you can't apply for a divorce on the grounds of marital breakdown until you have been separated for two years.

Once the divorce proceedings are underway, you uwill need to get things moving on the financials. The cheapest option is to go for mediation. Lots of info about it if you do a search on the posts. What you agree in mediation can be translated into an order which the courts can simply rubberstamp.

mediation works really well where the two parties are amicable and civil towards each other. It is conducted in a very non-confrontational style with a mediator (often a solicitor) and is considerably cheaper than using a solicitor. Cost is around £70 per session. If no issues, can usually wrap things up in three sessions.

Good luck with it

Mike

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