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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.

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The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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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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any help would be great

  • GOLDWING44's Avatar Posted by
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  • New Member
01 Nov 07 #5665 by GOLDWING44
Topic started by GOLDWING44
I am about to serve my x to be wife with the divorce petition.Arrangements for the children will go with it all signed by both parties. I dont wish to request Ancilary relief with respect to the House we both own.

I am quite happy for her to remain as long as req,ref the children and their education etc. Divorce ison the grounds of 2 years separation and eventually with her consent.

Both of us are doing it without solicitors and so far its not going to bad. I may be losing a wife but seem to be getting an old friend back.(how scary is that!)

Looking at various peoples experiences the house is likley to be split app 70/30 in her favour ! with Ancilary relief applied for !

Does this seem the usual ratio. I would be happy with a 60/40 I pay the mortgage on it instead of child maintainance as it then does not affect her benifits she gets.

Would it not be easier for us to draft an agreement togeter to say how we split it and when?

with a 48k mortgage on a house worth min of 160k

Any help wwould be ace!

  • Camberwick green
  • Camberwick green's Avatar
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  • Elite Member
01 Nov 07 #5679 by Camberwick green
Reply from Camberwick green
You sound like a sensible kind of Guy but I would be on your guard and get everything down in writing and witnessed you may be friends now but it only takes one false move and you are both back to square one.

Hope you get some sound advice soon sorry I cant be of any real help x

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