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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.


Alternative maintenance payments

  • ziggurat
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25 May 07 #390 by ziggurat
Topic started by ziggurat
The 'bottom line' at the foot of the results page gives two possible maintenance payments per month. One 'based on outgoings' and the other 'based on household/childcare costs'. In my case the first is invariably (scarily) higher than the second. Under what circumstances would the two payments apply in practice?

Thanks

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25 May 07 #393 by wikivorce team
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They are different calculations of the same thing - so to avoid any confusion - only one of them need to be paid.

The first is in theory the more accurate/appropriate because it is based on more real data (outgoings).

The second is there so people who do not have outgoings data to hand can get a guesstimate of the payments due.

Remember this maintenance is Spousal Maintenance and is not applicable in all cases (usually only applies where one party earns a lot more than the other).


If the first calculation is much higher than the second it suggests that your ex's outgoings are relatively high verses yours (taing into account kids) and perhaps too high - is this cos she is staying in FMH with a high mortgage?

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25 May 07 #395 by ziggurat
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The 'outgoings' maintenance result in my case is basically my take home minus my monthly living costs - leaving no spare cash whatsoever. The maintenance figure is pretty much enough to cover all my other half's outgoings - leaving all of her income (~£1350 of salary and benefits) untouched to do with as she pleases.

Not 'fair' surely?

Proably worth me sending you the results page?

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25 May 07 #396 by wikivorce team
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Yes - please do send us your input and results.

The calculator is far from perfect right now and every example we are sent will help us make it better.

You can send via email to This email address is being protected from spambots. You need JavaScript enabled to view it.

Post edited by: wikivorce team, at: 2007/05/25 12:49

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