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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.


Credit card debts

  • .Charles
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01 Jul 14 #438347 by .Charles
Reply from .Charles
The net figure is the most important e.g.

£300,000 Value of property
£-150,000 Mortgage
£-50,000 Legal Charge in favour of TSB
£20,000 Savings
£500 Silver service
£2500 Mint condition Ford Capri (1982)
£750 Horse box
£5,000 Rare collection of swatches (BNIB)
£-8,000 Credit card debts
£-6,000 Unpaid debt for classic car restoration

£114,750 net assets

Once you establish this figure, you can then decide how best to divide it between you whether by selling assets or buying out each other''s interest in the larger assets.

Charles

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