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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.


Maintenence calculation

  • Rumplestiltsk1n
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18 Mar 12 #318841 by Rumplestiltsk1n
Topic started by Rumplestiltsk1n
does anyone know whether the final figure at the maintenence calculation on the calculator is a weekly figure, monthly figure or yearly figure?

  • Tets
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18 Mar 12 #318845 by Tets
Reply from Tets
I believe it''s a monthly figure.

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18 Mar 12 #318846 by WhiteRose
Reply from WhiteRose
Hi RMA,

Welcome to wiki,

To be honest the calculator is just an indicator - many things contribute to how much SM is paid.

If you posted more detail, you''d get the benefit of our wise wikies!

WR

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19 Mar 12 #318896 by Rumplestiltsk1n
Reply from Rumplestiltsk1n
Splitting the assets:
Next we share out the net joint assets based on factors such as:
length of marriage, relative incomes, who cares for any children.

Wife''s share: 50%
Husband''s share: 50%

Wife''s total share of net assets is : £92570
Husband''s total share of net assets is : £19830


The Wikivorce estimate for Ancillary Relief based on the above parameters:

Maintenance calculation based on outgoings data:

The wife has been allocated the following:
- basic (incl childcare) needs £1575
- lifestyle needs £192
A total budget allocated of £1767

The husband has been allocated the following:
- basic (incl childcare) needs £1752.7
- lifestyle needs £192
A total budget allocated of £1944.7

The wife should pay the husband maintenance of £1037.2

Maintenance calculation based on household/childcare data:

The wife has been allocated the following:
- basic (incl childcare) needs £769
- shared contribution £742
- share of excess income £557
A total budget allocated of £2068

The husband has been allocated the following:
- basic (incl childcare) needs £716
- shared contribution £742
- share of excess income £186
A total budget allocated of £1644

The wife should pay the husband maintenance of £736.2

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