- Posts: 6
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.
Can I do nothing?
26 Oct 07 #5343 by mike62
Reply from mike62
Nic (the un-troll like! 
),
You would nneed to post a lot more information before someone can give you some reasonable advice.
- Your ages
- How long together, how long married
- Any children? How old? Who will be primary carer?
- How much is house worth?
- How much equity?
- How was it funded? Who put what in?
- Is it in joint names? Who pays motgage?
- Do both of you work?
- How much do each of you earn? Any bonuses etc?
- Any significant assets over £500.00?
- Any savings, pensions, investments?
- Any debt? Whose debt?
Very intrusive, I realise, but the general rule is to add up all the assets, deduct the liabilities and split the rest according to need, usually starting at 50:50.
If he started proceedings for divorce, he could request a sale of the home from the court, unless you have dependant children. If you could afford to 'buy' him out, then you can. Very general
advice, so post the details above and someone can give you a sensible answer.
Don't panic though - there are many ways to skin a cat, metaphorically speaking.
Take care
Mike
),You would nneed to post a lot more information before someone can give you some reasonable advice.
- Your ages
- How long together, how long married
- Any children? How old? Who will be primary carer?
- How much is house worth?
- How much equity?
- How was it funded? Who put what in?
- Is it in joint names? Who pays motgage?
- Do both of you work?
- How much do each of you earn? Any bonuses etc?
- Any significant assets over £500.00?
- Any savings, pensions, investments?
- Any debt? Whose debt?
Very intrusive, I realise, but the general rule is to add up all the assets, deduct the liabilities and split the rest according to need, usually starting at 50:50.
If he started proceedings for divorce, he could request a sale of the home from the court, unless you have dependant children. If you could afford to 'buy' him out, then you can. Very general
advice, so post the details above and someone can give you a sensible answer.
Don't panic though - there are many ways to skin a cat, metaphorically speaking.
Take care
Mike
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