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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.

1st time divorced 8)

  • unowho
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15 May 20 #512425 by unowho
Topic started by unowho
You will have to forgive me if you can .

My husband and I are currently going through a divorce. We are currently at the stage where he can obtain the Decree Absolute but we still have to tie up the Consent Order first.

My husband has been earning twice my salary ... he earns 50k plus a year.

The divorce process was quite messy ... and to cut a truly long story short

I was living in the family home when he left me he moved to another rented property

I agreed to buy the house from him ... the mortgage was approved.

He moved back into our home

I ended up having to sell the house to hime forms own sanity

I bought myself another place to live.

The debts were split 50 / 50

I received equity from the house

I have had to buy almost everything again for my new house ... furniture down to cups saucers and teaspoons.

my question is this ... He seems very adamant that we need to sort out our pensions in a Consent Order before getting the Decree Absolute. But I am struggling to find the money to pay 50% of the loans and credit cards we had whilst we were married.

I want it to be fair but this ( now im thinking straight - as it has been a real nightmare, to the extent I have had to seek therapy ) Me inheriting 50% of our marital debts doesn't seem fair.?

He has said that he will just go ahead and obtain Decree Absolute if I don't hurry up and I won't even get our pensions equalised :(... any help v much appreciated and thank you.

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16 May 20 #512446 by WYSPECIAL
Reply from WYSPECIAL
The divorce and financial order are completely separate.

If he applies for the Decree Absolute the only affect it would have on pensions is if he were to die you would no longer be his spouse so not entitled to a widows pension. Nothing to stop pensions, or any other assets, being shared though.

Who's name are the debts and credit cards in?

No point getting a share of pension that you can't access for years if it comes with debts that need paying now.

Post details of ages, incomes, length of marriage plus cohabitation beforehand and children and someone will help.

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