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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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Cost of clean break

  • Peter123
  • Peter123's Avatar Posted by
  • Junior Member
  • Junior Member
10 Sep 07 #3067 by Peter123
Topic started by Peter123
I have just tried the calculator and arrived at the following figures.

I am the main bread winner, but my ex2b is working
(I take home £3,700 per month and my ex2b will soon take home £2,000 per month). Our marriage lasted 23 years, and I have just moved out from our family home.

Wife's total share of net assets is : £256800
Husband's total share of net assets is : £171200
The net assets includes my pension with a current value of £100,000 and I have assumed that the family home will be sold.

Maintenance calculation based on outgoings data: £850
Maintenance calculation based on household/childcare data: £680

Given the suggested maintenance levels and the asset sharing, could I get a Clean Break to start fresh?
If so, what typical cost would it be to me?
My wife is 45 and I am 48. Both children are over 18.

Alternatively, for how long is the maintenance payment due?

grateful for any insight in to this.

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