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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.


How can I make ends meet?

  • Miracle
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13 May 14 #433238 by Miracle
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Little Mr Mike,

You have given me a great amount of advice and I want to thank you for this.
We are at the early stages of divorce, haven''t received yet the acknowledgement letter from Court.
As soon as I get that I have been advised by my solicitor to get in touch urgently.

I also have used the HMRC calculator to see how much tax credits I can get.
At the moment we are dealing with the mediation office as well but I am worried I might be put in a corner and made to accept his proposals. I will not accept it if is not reasonable.He already bullied me via txt messages into agreeing a split that he considers to be fair and I told him to sod off as couldn''t agree with something until I have proper advice from solicitor.
I have just about have finished collating the info for financial disclosure and this should make the situation more clear.

I will also have a read through the articles you mentioned. Thank you for these.

  • Miracle
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13 May 14 #433245 by Miracle
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Little Mr Mike,

I found this on one of the articles you mentioned about."There is a possibility ( especially if there is a significant financial inbalance between the spouses ) that the weaker party could make a claim on the other’s estate even after divorce, under the Inheritance ( Family Provision ) Acts. If this applies to you, then tell your solicitor, as there are certain practical steps that can be taken to minimise the risk."
My husbands mum and dad have a house that is worth 250K or something like that and I believe they want to pass on some of the value of the house to their children whilst they are still alive. In one of our arguments he said he wants a Clean Break and he would be pissed off if I was to go for the above... I didn''t understand much of it. Thanks

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13 May 14 #433255 by LittleMrMike
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Miracle

No, you have got it wrong.

What I was talking about is this. I used to pay spousal maintenance to my ex wife.

If, for argument''s sake, I were to die when she is still alive, and I make no provision for her in my will, then she would have the right to claim from my estate.

Your in laws are hardly likely to give their son £250K while he is in the middle of a divorce because it would form part of the total marital assets available for distribution.

  • Miracle
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13 May 14 #433269 by Miracle
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Hi LittleMrMike,

Sorry I might have misunderstood then.
I think that''s what my husband is thinking as well that in the eventuality of him dying earlier than me I should not have any further claim on his estate after divorce.

Thank you for clarifying.

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