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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.


Spousal and Child Maintenance and Final settlement

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08 Oct 12 #359806 by ticko
Reply from ticko
Hi,
Crikey this is hard work- I took some time to figure out the precise(?) costs of two households compared with one and the figures are rather different from my ballpark assumptions !

My monthly income is 6K and my wife is increasing her hours regardless so she will make £1000 month.

Her new expenses would be £1908 and mine would be £3178.
I think that includes about everything

I have included the cost of a new 250K interest only mortgage (£1000).
(I get A CSA figure of £1207 per month on direct.gov but I haven''t applied it)

So the assets are again 660K & + my pension is about 45 gross and lump sum of 27K

Sorry my initial figures were so rubbish!
Thanks,

Ticko ,50y vs Wife 43y

The husband should pay the wife maintenance of £2322

Maintenance calculation based on household/childcare data:

The wife has been allocated the following:
- basic (incl childcare) needs £1279
- shared contribution £1155
- share of excess income £595
A total budget allocated of £3029

The husband has been allocated the following:
- basic (incl childcare) needs £1031
- shared contribution £1155
- share of excess income £1785
A total budget allocated of £3971

The husband should pay the wife maintenance of £2029

edited by CM to remove wife''s name

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