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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 help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Redundancy

  • April15
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17 Mar 08 #17005 by April15
Topic started by April15
My partners and x2B split nearly 2 years ago. She earns 20K he 50K. They sold marital home he gave her 20K extra and sports car so she could get a decent property on her earnings. Now going for divorce things no longer amicable. Shes got a 60K mortgage hes got 160K and myself and daughter of 9 are his dependants I just do voluntary work as moved to the area. Shes now demanding not only a pension share (which my partner is happy to do as her pension is less than his and this would redress the balance) but she wants another 20K lump sum. Disclosure shows she is paying all bills and saving. We have hardly any savings as high motgage and more of us. She wants him to raise another 20K on mortgage. Solicitor says they dont think she is entitled to this so we have applied to go to court. Now he may be faced with redundancy. Package would be good pay out but not many jobs in financial industry at moment. What will happen if when we go to court he has no job just the money. Will she get half. If so what will we live on till he gets another job? I guess if he has found job she would get half of what is left but at least he would be getting an income!

  • dukey
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17 Mar 08 #17007 by dukey
Reply from dukey
Hello April

If you go to court (fdr) you work with what you do earn and have, not what you did have and earn or may have and earn in the future.

dukey

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17 Mar 08 #17028 by April15
Reply from April15
Thanks Dukey so you are saying that if my partner is unemployed this will be taken into consideration? I worry of course because we have such a large mortgage that redundancy can only last so long!!

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17 Mar 08 #17029 by April15
Reply from April15
Thanks Dukey so you are saying that if my partner is unemployed this will be taken into consideration? I worry of course because we have such a large mortgage that redundancy can only last so long!!

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17 Mar 08 #17037 by dukey
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hello April

Yes it will be considered his needs are taken into account to the hope is to attain a fair and just deal for all.

dukey

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