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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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can anyone help?

  • GOLDWING44's Avatar Posted by
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02 Nov 07 #5719 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 is on 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! :huh:

  • Sera
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02 Nov 07 #5723 by Sera
Reply from Sera
GOLDWING44 wrote:

Both of us are doing it without solicitors and so far its not going to bad.

I would be happy with a 60/40

It all sounds wonderful that you have sorted out this far, without a 'fight'. However, there is no Golden Rule on how splits are made. If you're both happy with the 60/40 ratio, then go with that.
However, I would strongly advise that you have a 'Clean Break' divorce, and have everything legally agreed with a solicitor. If you do not, you leave yourself exposed to further financial claims in the future.

  • gone1
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02 Nov 07 #5751 by gone1
Reply from gone1
Can I just add that people do come back for more. U may be fine now and if U meet someone she may turn into a monster and come after you with a vengance. That why U must get this ratified with a sol as Sera says. I cant tell U how important this is. So many on here have been stung. Blimey. Agreeing with Sera again. 2nd day in a row. C

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