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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.

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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Yet more form e questions....

  • Elphie
  • Elphie's Avatar Posted by
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15 Aug 12 #349749 by Elphie
Topic started by Elphie
When it says we need to list assets, and it says anything over £500...

I have assessment materials, which I use as part of my work (or will when I return to work) collectively they are worth over £1000, but individually each cost between £50 and £400 . Do I have to list these as assets? Haven''t the faintest idea if they have a resale value. Or are they excempt because they are work tools? (I''m not self employed or anything, but I hope to assess freelance in the future)

And just to add to the confusion, I bought them 6 months ago, so do they need to be listed on page 22, point 4.1.1 where it asks about any changes in assets in that last 12 months?

Finally, I am nearly finished the form E, and with the bank statements it is mahoosive. So, do I just hand in a giant wad of paper, or do I hole punch and put it in a binder with pretty coloured dividers?


  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
15 Aug 12 #349754 by WYSPECIAL
Reply from WYSPECIAL
Worth over £1000 or cost over £1000? It''s the value of an individual asset that matters.

  • Elphie
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15 Aug 12 #349757 by Elphie
Reply from Elphie
Cost. Don''t know what the resale value is, I suppose i''d assume they don''t have one then? They''re not the sort of thing you can sell on gumtree. Or get valued by a jeweller. And individually they are under £500 anyway. So I won''t list - thank-you!

But do I have to list it as a change in assets? As I bought them all at once so my account shows £1300 being spent in one go. Silly really, as I was with my stbx at the time so he knows and it was agreed at the time.

  • cookie2
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16 Aug 12 #349900 by cookie2
Reply from cookie2
It is only current (ie. second hand) value that matters.

If your ex asks why there is £1300 outgoing from your account hen you can say it''s materials for work or whatever. You don''t need to declare it as an asset if it has no resale value.

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