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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.

 

Divorce Calculator - Is this accurate?

  • heartbroken3
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12 Feb 15 #456017 by heartbroken3
Topic started by heartbroken3
My husband has walked out on me & our family after a 25 year marriage. I have just used the Divorce Calculator with the figures to the best of my knowledge & it says I''d get a 90% share of the assets. This seems rather unlikely - though I''d be very happy if correct! Has anyone used the calculator & actually got what it predicts?

  • dukey
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12 Feb 15 #456021 by dukey
Reply from dukey
A program will never replace a human, if it''s a very simple case it tends to be ok, but it can''t account for stuff like I''ll health, length of separation, a new partner on the scene, the list is long of what it can''t take into account.

You can have a financial consultation for a few hundred quid, this is by a lawyer and far more accurate, check out the services at the top of the page.

90% to one spouse is far from common indeed.

  • iusedtolovehim
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12 Feb 15 #456025 by iusedtolovehim
Reply from iusedtolovehim
25 year marriage here, grown up kids and I got 90% assets and a generous pension share in return for a Clean Break! Him 100k p.a. + bonuses, me 28k per annum. I''m happy :)

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12 Feb 15 #456027 by dukey
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As a general guide 70% is as high as court go, exceptions will always exist depending on circumstances, if you have a disparity it will effect the end settlement, it can range from 0-100%.

If it''s a long marriage and your the same age income and pension and assets are high, it could be half each.

If it''s a fairly long marriage, the wife has three kids under ten and earns bugger all, hubby earns 60k, assets are low, the wife will walk with the bulk of liquid assets and probably spouse maintenance.

To to poster, don''t look at what others recidved, it really does depend on your circumstances, no two cases are the same.

  • gandalf1403
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18 Mar 15 #458250 by gandalf1403
Reply from gandalf1403
dukey wrote:

As a general guide 70% is as high as court go, exceptions will always exist depending on circumstances, if you have a disparity it will effect the end settlement, it can range from 0-100%.

If it''s a long marriage and your the same age income and pension and assets are high, it could be half each.

If it''s a fairly long marriage, the wife has three kids under ten and earns bugger all, hubby earns 60k, assets are low, the wife will walk with the bulk of liquid assets and probably spouse maintenance.

To to poster, don''t look at what others recidved, it really does depend on your circumstances, no two cases are the same.


To the poster. Hi. By happenstance, the situation you have quoted is me, all over. Wife earns bugger all, has 2 kids under 10. One 5 and the other 9. But we have 135k assets. But with tax credits, child benefit, her net income with child maint from me, is £23k. I''m on £60k. How would you see things work out? I''m hapy to give her £105k of equity. Would I also have to commit to spousal maint?

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