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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.

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.

Am I getting a good deal???

  • unsureoffuture
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16 Dec 07 #9147 by unsureoffuture
Topic started by unsureoffuture
Hi, husband is desperate for a divorce and has advised that I can have the car (worth about £2000), and all the equity in the house providing all our debts (and the cost of the divorce) is taken out of it, which equates to about £170000 net. We have two children, 8 years and 2 years, who will reside with me. No mention of pension - he is assuming I will not make a claim against his pension and I wouldn't have a clue what it was worth. The main sticking point I can see is with maintenance. He takes home a minimum of £2200 per month (often more with overtime) and will only agree to give me £300 per month which makes it difficult to get by as I only take home £800 per month working part time (and will still need to obtain a 35-40k mortgage to house me and the kids). He is telling me that he thinks he will be made redundant so I can't expect him to agree to pay £400 per month! Don't know if its better to take the 100% equity and minimal maintenance or to go for all out war in obtaining spousal and child maintenance whilst letting him keep (probably) 30% of the equity in the property, but I fear that if I go down the latter route he will just pack his job in so he doesn't have to pay... Any suggestions??? Thanks.

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