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Read our latest Financial Settlements guide (2021)

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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realitybites
Posted by
New Member

12 Mar 08 #16628 by realitybites

Topic started by realitybites

Hi, I am new here and trying to guesstimate the future... I currently don't work to look after young child (3yr). I did work all our marriage (10yrs) until 6 months ago when i stopped. Out of that 10 years approx 7 of them i worked part time at 3 days... so the question is... in the future i'd expect to work, and would do so 3 days a week, but could my husband expect me, and base the divorce calculations on me returning full time?

Any advice appreciated! thanks

Fiona
Platinum Member

12 Mar 08 #16635 by Fiona

Reply from Fiona

Courts will make orders based on what would be expected when people maximise their opportunities. However, some allowance is made for looking after young children so the settlement could be based on phased return to full employment.

When someone works 16 hours or more are entitlement to WFTC kicks in, which can make a huge impact on finances. Sometimes working more than this is of little advantage because the amount reduces and there are more costs associated with childcare.

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