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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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Division of assets and apportionment of liabiliti

  • Josh2008
  • Josh2008's Avatar Posted by
  • Platinum Member
  • Platinum Member
16 Dec 07 #9142 by Josh2008
Topic started by Josh2008
Hi, Married 32 years, wife works earns about £1500.00 p.m. net

I'm out of work on Income support currently only getting £256.00 p.m. net

Our monthly outgoings are most likely the same, about £1100.00 p.m.

Equity is £200,000.00 in matrimonial home, albeit it is in her name and has been since we bought it,

Total Debts Including O/s mortgage is approx £70k

According to wikicalc, I am entitled to 60% of net assets
and unbelievably she has to pay me maint. of £450 p.m. don't know how long for.

Now comes the issue, at the moment I am quite happy to settle for a lump sum of £53K and let her then do what she wants, but if we agree to that, and offer it up to the courts, can they adjust it as it is extremly unfair in law, or will they accept that is what we want

Unbelievably she wants time to think about my proposal, she does not know what my entitlement is only she thinks that because the house is in her name and the mortgage has always been paid from her bank, that she owns the lot

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