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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.


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  • Bluesintown
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15 Apr 19 #507191 by Bluesintown
Topic started by Bluesintown
Dear Members

I need advice on the following:

I had to repay loan back to my parents for my education who paid of my loan so that I do not have to pay interest - How can I show this on form E?

I broadly agreed on equal payment of education for my child beside CMS - Can anyone advice if that is an OK agreement?

It will be great if anyone can provide me advice on the above.

Regards,

  • WYSPECIAL
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16 Apr 19 #507192 by WYSPECIAL
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What is there to show on your form E?

If you've repaid it then the debt is gone as is the money you used to repay it.

You won't need to show anything on there.

If you have only just suddenly repaid it and depleted savings it may be questioned by your ex. If there is no proof that what your parents gave you was a repayable loan the Courts may treat the money they gave you to be a gift.

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16 Apr 19 #507197 by Bluesintown
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I have not repaid the loan yet, had put in saving thought will pay them back when they ask for! - So I need to have some sort of proof?

To add please can I also ask does it matter what we have if we both agree of what is required? ( my ex has asked she just need me to contribute equally to child education?)

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16 Apr 19 #507198 by WYSPECIAL
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So you had a student loan?

Your parents gave/lent you money to pay this off?

You are now thinking of repaying this out of savings?

How long ago did your parents "lend" the money? Was it documented, the terms, amount repayable etc? Have you any evidence of a pattern of repayment history?

How much money are you talking about?

You may find it hard to prove that this money was a loan and not a gift.

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