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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.


Spousal maintenance

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30 Apr 12 #327465 by Sunshine10
Topic started by Sunshine10
Hi
Need some intial advice. Am living in FMH with two children (7 and 10), husband having left us to find himself....
Trying to get a handle on finances and SM in particular. I have always worked, even through having the children and have a reasonably good job although my chances of promotion now are limited. I would say I have reached my peak career wise. Also have had to always consider the children. Husband although a contractor, has a good job and takes home 3 x my income.
Calculating my outgoings I am considerably short and would need about 25% of his salary per month to maintain the house, the kids clubs, the car etc etc (nothing extravagant, just what we currently have). This would make CM + SM about 35-40% of his take home pay. He could afford this and still have an equally good standard of living to what we have had together.

To me this sounds like a lot of money, even though I''m sure he could easily afford it.

How would this viewed. Sorry if it is a stupid question but are we expected to cut back? Ideally I would like to try to stay in the FMH to limit the upset for the kids but its expensive.

Any initial advice greatly appreciated.

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30 Apr 12 #327472 by Sunshine10
Reply from Sunshine10
I should add we have been together 25 years, the last 15 we were married and cohabitated for almost all the time before.

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