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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.


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Beneficial Interest purchased from TIB

  • Bubblegum11
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24 Apr 16 #477392 by Bubblegum11
Topic started by Bubblegum11
Hi,
Ex went bankrupt before separation.
I purchased the beneficial interest from TIB post separation and have a deed of assignment to show this.

Now that I am going through the financial proceedings, does all the equity in the FMH go into the matrimonial pot?

or

will a court honour the deed of assignment?

Ex thinks he should get a share of the FMH back in the settlement. :S

  • Unctuous
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24 Apr 16 #477401 by Unctuous
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Everything has to go into the pot but financial behaviour seems to be one of the few behaviours that can be used in argument about how that pot is divided.

One way of looking at it is thank goodness his old debts are not also part of the pot.

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25 Apr 16 #477417 by Bubblegum11
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Unctuous:
"One way of looking at it is thank goodness his old debts are not also part of the pot."

Thank you, I never really thought of it like that... so there is something I should be thankful for lol:side:

What is the point of having a deed of assignment showing you have all the beneficial interest in the FMH whilst you are married if it all ends up in the pot anyway:dry: ?

I suppose it all comes down to needs in the end.

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