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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 legal advice on a fair financial settlement?

We offer a consultation with experienced family solicitor for a low fixed fee. You will receive legal advice and a written report outlining your legal position and setting out what a fair settlement would look like based on your individual circumstances.


how real is the divorce calculator ?

  • redoctober
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15 Jan 08 #10728 by redoctober
Topic started by redoctober
Hi there, am a newby and just wanted to know from the 'old hands' out there : is the Divorce Calculator a good guideline or can it be way off ?
Have just entered all the figures and the calculator seems to think I am entitled to FAR more than spouse has proposed.
I know that reality and haggling play a part, but it seems too good to be true !

Has anyone of you ever taken the Divorce Calculator results to their solicitor's ? What was the sol's reaction ?

Just let me say : I am glad for the existence of this site...
Take care
Red

  • Young again
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16 Jan 08 #10809 by Young again
Reply from Young again
Hello Red. I am also new and would love the calculator to be accurate but even though it seems like a wonderful thing, is it based on a programme used by the courts? Does the judge use a computer? Has anyone's results come anywhere near the calculator's prediction?

Any advice appreciated. Thanks.

  • Tinny
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16 Jan 08 #10811 by Tinny
Reply from Tinny
I dont know about anyone else, but the calcualtors prediction in terms of equity split was 100% accurate in my case, 60:40 to him. I got confused with maintenance so didnt put too much emphasis on it and luckily it has worked out ok.

I suppose at least if you are accurate with the figures you input it will give you an "idea" of what "might" happen.

Tinny

  • mike62
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16 Jan 08 #10814 by mike62
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I have read so many times on here - different day, different Judge, different result.

The court financial outcome of divorce is very subjective, so the calculator will give you a good idea of what you MIGHT expect. Nothing is written on tablets of stone sadly.

Best of luck

Mike

  • redoctober
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16 Jan 08 #10820 by redoctober
Reply from redoctober
Thank you all for the information. Spouse has proposed a 60-40 split in his favour and the calculator seems to think that it should be 70-30 to me.
Although I do not believe that this will happen (maintenance was also predicted as astonishingly high) it is a good basis to start negotiations.

A more general point : if you have a solicitor who tells you to accept what you know to be a truly unfair settlement, DO NOT take his/her word for it. And do not be fobbed off by comments like " I want this to be resolved for you in the cheapest way possible " and " The court will not see it any differently".

Ask questions, gather information, get an informal opinion by another solicitor, but do not cave in!
Before starting this process I was of the incredibly naive opinion that a solicitor is supposed to be on your side. I am quickly learning!!!

All the best
Red

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