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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.


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  • Pollyparrot
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02 Aug 12 #347059 by Pollyparrot
Topic started by Pollyparrot
I keyed in our relevant financial information and the calculator worked out that I should be given 70% of assets and spousal maintenance of £2000. We have been married for 31 years and I have not worked since the children were born. They are now adults so there is no child maintenance. My husband earns 5000 monthly. We always enjoyed a high standard of living, two cars, two holidays a year. I just do not know what to expect and how we are ever going to be in agreement over the financial order. surely the calculator must be wrong!!!

  • Action
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02 Aug 12 #347067 by Action
Reply from Action
I have heard of other people getting strange indications on the calculator so I think the safest and fairest method is to look at what each of your needs are in terms of housing, living expenses and pensions etc. It is unlikely that you will be able to continue the standard of living you once enjoyed. I found doing a monthly expense schedule very useful, so that I could see what my survival budget was. If you''re not working then you''ll not be able to get a mortgage so you need to look at what you would have to pay for a suitable property, mortgage free (assuming there is enough equity in the FMH).

The experts on here would need more information to give an idea of what the outcome might be. Hopefully one will be along soon to advise.

  • survive
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02 Aug 12 #347069 by survive
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There are many things to take into account, the calculator is just a guide. Lenght of marriage, ages of children, if they are dependants, working ability of both parties,)earning potential) health of both parties, income ability, contribution to marriage (this is not jus finnancial, bringing up children is taken into account), needs of both parties.

The starting point is normally 50/50, then the factors as mentioned above (hope I haven''t missed any) are adjusted in whichever way.

Hope that helps ( and doesn''t confuse you more)

Survive

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