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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 - How is it calculated?

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15 Aug 12 #349627 by WYSPECIAL
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You would need to post more details of ages, incomes, assets etc and ages of children.

I doubt you would have a very strong claim given what you are both earning plus it will be harder for you to claim you have a need if you have managed for three years without SM.

You would probably be better off trying to claim a greater than 50% share of the assets.

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15 Aug 12 #349636 by buzyizzy
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I work 44 hours a week, can''t do any more as I tried that and fell asleep driving and had a nasty accident. Children are 18 and almost 21, younger is off to uni, pending results on Thursday, next month. Elder child is already at uni and living away from home. I don''t think you can say "only" in relation to his £30k, but maybe "only" to my meagre £13k having been at home doing only casual work for 18 years. I am working as much as I can. The standard of living we all enjoyed when we were married was far higher than the life we have now, but. I do my best

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15 Aug 12 #349640 by julie321
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buzyizzy
I cannot offer any financial advice just support. I too am in the same situation as you, I will lose tax credits and child allowance next month when daughter goes to uni pending her results tomorrow also. I have only a pension of 7209 per year but stbx can earn in excess of 40,000 with overtime and form advice I have received on this site it would seem I too would not receive SM.

I had a very good career I gave up and took a lower paid to job to raise a family but it seems that nothing is taken into account and there are no rewards for being a good wife and mother.

My best wishes are with you and good luck to your child , I hope they get the results they need.

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15 Aug 12 #349642 by buzyizzy
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You too! I''ve got a bottle of champagne and a box of tissues handy for him!

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15 Aug 12 #349643 by buzyizzy
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I stand to lose CTC and child maintenance from next month, so it is going to be a real struggle to pay for everything, even with the massively reduced food bill!

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15 Aug 12 #349648 by WYSPECIAL
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buzyizzy wrote:

I stand to lose CTC and child maintenance from next month, so it is going to be a real struggle to pay for everything, even with the massively reduced food bill!


Post some figures it might be possible to claim it depends on circumstances.

It''s not automatic though so it wont be backdated.

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15 Aug 12 #349653 by WhiteRose
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If you seek SM, he could argue not to pay as now the children are at Uni you will be over housed and could use the argument that you should downsize your house.

Unfortunately there is no straight forward formula.

At what point of financial negotiations are you?

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