A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info

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.

Personal Endowment Policy Surrendered to Pay Debts

  • Warren2922
  • Warren2922's Avatar Posted by
  • New Member
  • New Member
16 Sep 12 #356161 by Warren2922
Topic started by Warren2922

I am at present filing my form E for financial settlement, and am wondering if I have to submit information on a personal endowment policy that I was forced to surrender during the divorce marathon to pay rising debts. It was in the main used to pay solicitors fees?

Thank you in anticipation


  • TBagpuss
  • TBagpuss's Avatar
  • Platinum Member
  • Platinum Member
19 Sep 12 #356688 by TBagpuss
Reply from TBagpuss
it would be sensible to disclose it - it would be relevent to the section of the Form E which asks whether your circumstances have changed in the past 12 moths (assuming it was surrendered in that period)

Also, if you don''t dislclose it it may give the appearance that you have not been candid in providing your information - it'' likely that your ex knows you have/had the policy, and presumably the premiums will show on your bank statements, so its likely that your ex or her solicitors will query it in any event. Disclosing it upfront savestime and ensures that you don''t look as though you are hiding anything.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 

Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.

Consent Order £259

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.

Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.