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.

separate finances

  • letitbeeasy
  • letitbeeasy's Avatar Posted by
  • New Member
  • New Member
06 Feb 21 #515671 by letitbeeasy
Topic started by letitbeeasy
So i am about to start this journey! I am perhapes in the niave stage, thinking we will be able to resolve amicably.
we have been with earch other 19 years, married for 13.
No kids
house was bought the year before our marriage, we both sold our own properties, we were engaged to be married when we moved into the house and have lived there for 12 years.
We have both always worked, our finances have been kept entirely seperate, no joint accounts. we both pay exactly the same amount towards the bills each month.
we have seperate vehilces, one has a drastically more expensive vehilce than the other.
one has debt, the other has savings.

My questions is. Will all of this be put in one pot and shared equally, debt and assets?


  • wikivorce team
  • wikivorce team's Avatar
  • Moderator
  • Moderator
06 Feb 21 - 06 Feb 21 #515672 by wikivorce team
Reply from wikivorce team
Will it be put in one pot?
- Based on the long marriage then in simple terms - yes all of your assets (minus the liabilities) would be put into one pot.

Will it be shared equally?
- Possibly.

The law governing the fair division of the pot would take into account your financial needs and to a lesser extent your contributions.

If you both agree to divide it equally you can - and to make that happen you would get a Consent Order drawn up.

If you sought legal advice on a fair settlement then you might consider whether one of you has a greater need for assets than the other because for example:
- they earn less income and so cannot get as big a mortgage
- have health or other issues that affect there income or their cost of living

In short - you may adjust the split away from an exact 50/50 split if by doing so you make things fairer to the financially disadvantaged party.

Also you have not mentioned pensions - it is very common that the two spouse's have unequal pension provisions and part of the divorce settlement process should involve getting pensions valued and considering how to split them.
Last edit: 06 Feb 21 by wikivorce team.

  • letitbeeasy
  • letitbeeasy's Avatar Posted by
  • New Member
  • New Member
06 Feb 21 #515673 by letitbeeasy
Reply from letitbeeasy
Thank you so much for taking the time to read and reply.

We both have decent pensions which are both worth the same amount.
Neither of us have health concerns and can both still work.
I earn slightly less than my husband.
He put a large deposit down to buy the house,

Given what you have said, I feel a fair offer is for him to get back what he put into as a deposit. We pay the small amount left of the mortgage and half what is left.
He has the far better vehicle but it’s his so only right he keeps it.
I have the debt which would be paid off with my share of the equity.
We keep our own pensions.
And he keeps the house as he could afford to buy me out.

It feels like I’m asking a lot but I think it’s less than if we went through lawyers.

  • wikivorce team
  • wikivorce team's Avatar
  • Moderator
  • Moderator
06 Feb 21 #515674 by wikivorce team
Reply from wikivorce team
You are not asking for a lot.

If anything you are asking for less than you are entitled to.

After a 19 yr relationship (13 yrs married):
- he is not necessarily entitled to get his deposit back
- any debt is joint and so should not come out of your share of the equity
- if the vehicle value runs into many thousands it should be evened up in the split of the house equity

So in summary you are asking for perhaps significantly less than you should be getting.

But in the end its up to you to decide what offers to make or accept.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11