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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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Question re Tax in Hand

  • Papillon6
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21 Jul 12 #344517 by Papillon6
Topic started by Papillon6
My divorce is moving towards going to court as we can''t negotiate any settlement between us and I have a concern on the financial side in that last year I did some ''cash in hand'' work to support myself and the children. I didn''t declare it, it wasn''t a huge sum of money by any stretch of the imagination and was only to see me through a tough financial time, now I am in employment. The worry is that my ex has told me they will bring this up in Court -although they have no proof, I wouldn''t deny it in court because I certainly wouldn''t lie. What I need to know is what the consequences will be or if the judge will be more concerned with what is happening now rather than last year (and I have all wage slips and bank statements etc to cover everthing now).

I''m getting myself in a bit of a state over this-am I worrying unnecessarily or is there anything I can do?

Thanks

  • maisymoos
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21 Jul 12 #344520 by maisymoos
Reply from maisymoos
I don''t think you should worry about this. The judge is interested in dividing assets not reporting you to the tax man. You just need to ensure your financial disclosure is full and frank.

  • dukey
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21 Jul 12 #344521 by dukey
Reply from dukey
Judges tend to be more annoyed that one spouse will use this against the other to blackmail or force an unreasonable settlement, in my experience judges don''t tend to be too concerned with this, they do want honesty though, remember this is not crown court it''s county court and your not on trial.

For the future though don''t mess with the tax man,it''s a criminal offence, and tax dodging gets very little sympathy.

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