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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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  • dippo1
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18 Mar 12 #318770 by dippo1
Topic started by dippo1
she 1970 net me 750 net, she 60000 pension 165000 savings 16500 car 44000 inheritance from house sale, me 106,000 equity in my home bought before marriage married approx 2.5 years have 3yr old child who stays with her but i am trying for access, she says she has 40k debts from lending from her sisters after seperation, i have 2 children from previous marriage who stay with me every weekend, i can t raise mortgage as kincome too low but can afford mortgage on this house value 175000,she can raise 90k based on her income, am i likely to lose my home and what would be the best offer to give to her, i can lend off parents, help am getting nowhere with solicitor.

  • hadenoughnow
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18 Mar 12 #318852 by hadenoughnow
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did you cohabit for any length of time before marriage?
On the face of it this is a short marriage .. so take out what you brought in. There is a child but she has sufficient savings to buy mortgage free property. You need space for elder children to stay.
You pay CM at CSA rate.

Hadenoughnow

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19 Mar 12 #318863 by dippo1
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no she didnt move in till after 2 weeks of marriage, thanks hope i get that but my solicitor says she m,ight get 30% of my equity crazy.

  • dukey
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19 Mar 12 #318893 by dukey
Reply from dukey
The post is a bit of a mess and not easy to read which is why you have had such a poor response.

Make it easy to read, most will ignore a block of text with no punctuation or paragraphs.

Copy this and answer the questions.

Your respective ages;

The number of children you have and their ages;

How many nights the children spend with each parent;

The length of your marriage and any period of pre marriage cohabitation;

Your respective incomes;

Your respective outgoings;

Your assets - both soley held and joint;

Your liabilities

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19 Mar 12 #318913 by dippo1
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both are 42, we have 1 child together aged 3, at the moment my daughter is staying with her mother 7days as i am trying for access rights, i have 2 children from previous 16 and 18, who stay weekends and holidays.wewere married for 2.5 years before seperation, and co habitation prior to marriage.
ex income is 32000, 1977 net per month, mine is 9500, 732 net.
her e4 shows 1100 outgoings mine is 790 i get extra paid by my parents till divorce sorted.
her assets are 16500 savings, 60,000k pension, 16500 car and inherited 43500 from mums estate, mine is 175000 house bought and paid for by myself 5 years before marriage, i have 60k mortgage and 4000 tax liability to pay.we have no joint assets and have everything seperate no letters of hers ever came to the house during the marriage.

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19 Mar 12 #318915 by dippo1
Reply from dippo1
her liabilities are 20k she alledges she borrowed from her sister and 20k from mother prior to death.

  • hadenoughnow
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19 Mar 12 #318962 by hadenoughnow
Reply from hadenoughnow
OK. In your first post you said her savings were 165,000. Now you say they are 16,500.
That is a big difference.
What will matter here is providing a home for her (as PWC assuming that is what she is) and your child.. That needs to be a 2 bed place but need not be owned. How much would a 2 bed place cost to buy? This is a crucilapiece of information.

As far as her "debts" are concerned, these are soft loans. Did she have written agreements about them and/or a schedule for repayments??

As far as possible, her inheritance should be left out of the equation.

Am not sure how the solicitor has reached a figure of 30%.

Hadenoughnow

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