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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.


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Do I still have to pay for my wife

  • Nosey
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10 Feb 08 #13386 by Nosey
Topic started by Nosey
My wife has decided she does not want to be in a relationship with me and has moved out. I have paid her deposit and first months rent. We have one son who we equally share joint custody.

In a nutshell my salary pays for the mortgage and bills and my wife's pays for food & social bills. We are both able to afford to live separately and I've agreed to pay above CSA child maintanance requirements. We would like to divorce but will I have to pay additional maintanance for my wife after the divorce?

  • mike62
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10 Feb 08 #13387 by mike62
Reply from mike62
Nosey,
Lots of different factors can determine this - have nicked a chunk from another post to show what info is required to give you an answer (thanks attila!)

Basic financial details to help others consider your position

H age
Net income a year
Net income a week
Should he be working O/T or can he realistically maximise his earning potential –if so what would the net income be a year
Health issues which affect ability to work?

W age
Net income a year
Should she be working O/T or can he realistically maximise his earning potential –if so what would the net income be a year
Health issues which affect ability to work?
What do you think you can raise by way of mortgage?
How much can you afford for housing a month?

State benefits?
Child Benefit - number of and age of children
Working Tax Credits
Child Tax Credits
Other benefits state per year

W savings
H savings

Debts

W debts
H debts
of the above how much do you accept are Matrimonial debts

Any adverse credit history affecting you or H getting a mortgage/loan

Any inheritance likely;
H £ parents aged?
W £ parents aged?

Any serious likelihood of either within 5 years?

Pensions

W CETV?
H CETV?
Either in payment?

Post up some more info and someone will be able to give you an idea.

Best of luck

Mike

  • Ladybelle
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10 Feb 08 #13390 by Ladybelle
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I see you mention future inheritances here ? I have been told twice now by different sol's that they dont count ? Might it be taken into account then ?? as my x2b has 2 big inheritances at some time in the future. Could be 20 years for all I know, but he will get them ?

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10 Feb 08 #13444 by Fiona
Reply from Fiona
Annie,

It depends on the nature and certainty of potential inheritances. Your x2bs won't count. Sorry.

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