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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.


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  • wilks
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07 Mar 08 #16093 by wilks
Topic started by wilks
I have been married for ten years and in that time my wife has not worked. We have two children one of 16 and one of 9 years. We live in her dads house which was left to him by his parents and we rent mine out. How much will I have to pay my ex.

  • dukey
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07 Mar 08 #16094 by dukey
Reply from dukey
Hello Wilks

Depends on many factors the starting piont is 50/50

Bit more imfo please

Did you own YOUR house before marrige

Whats your house worth (rented out one)

Outstanding morgage on rented house

Monthly rent recived

Other marital assets (cars shares isas)

Who will be main carer of children (how many days a week with H and W)


What do you earn

This will all help with answers
dukey
Pensions ?

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07 Mar 08 #16097 by wilks
Reply from wilks
yes had house before I met wife.
worth 180,000
2 cars worth about 5k in total
get around 600 per month rent.
About 58k outstanding

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07 Mar 08 #16098 by dukey
Reply from dukey
Hello Wilks

The starting piont after a ten year marriage will be 50/50 with your former house now considered a marital asset also the rental income.

I dont have all your details so put your details through the wili calculator that will give you an idea.

dukey

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