- Posts: 1
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.
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19 Nov 07 #7038 by Gruffalo
Topic started by Gruffalo
Chanced upon this site whilst I should've been working and be grateful for anyones thoughts on my financial situation.
Filed for divorce this year after nearly 7yrs marriage on basis of wifes admitted adultery. She moved out and now renting. Got 2 children and both got 50% responsibility for their care.
Before marriage I had a house, car, savings etc. with no mortgage, loans or debts. My wife had no savings, had car worth half value of outstanding loan and for 1st 3yrs of marriage debt collectors kept appearing and demanding payment for her unpaid debts.
During marriage we both worked (except period when kids were born) although even if she'd not had to take time out I'd have still brought in about 3x her earnings. During marriage we didn't manage to save anything. 6 months before we split we agreed I would change career direction and so am now back in full time education and living on bare minimum.
From other threads on this site and elsewhere it seems that the x2b is entitled to 50% of the house and savings.
Can this be right?
Filed for divorce this year after nearly 7yrs marriage on basis of wifes admitted adultery. She moved out and now renting. Got 2 children and both got 50% responsibility for their care.
Before marriage I had a house, car, savings etc. with no mortgage, loans or debts. My wife had no savings, had car worth half value of outstanding loan and for 1st 3yrs of marriage debt collectors kept appearing and demanding payment for her unpaid debts.
During marriage we both worked (except period when kids were born) although even if she'd not had to take time out I'd have still brought in about 3x her earnings. During marriage we didn't manage to save anything. 6 months before we split we agreed I would change career direction and so am now back in full time education and living on bare minimum.
From other threads on this site and elsewhere it seems that the x2b is entitled to 50% of the house and savings.
Can this be right?
19 Nov 07 #7055 by Specialdad
Reply from Specialdad
As the marriage is over 5 years old so looks like you have a fight on your hands.
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