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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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Financial agreement

  • pooh03
  • pooh03's Avatar Posted by
  • Junior Member
  • Junior Member
10 May 12 #329766 by pooh03
Topic started by pooh03
My soon to be ex and I are trying to agree our financial arrangements without mediation or going to court - quite a challenge!! His solicitor has said that even though we have agreed not to pursue each others pensions, we still need to get a cash equivalent value to put on our agreement to go into court. This seems pointless and a waste of money as we will have to pay for the valuations - does anyone know if it''s true?

  • MrsMathsisfun
  • MrsMathsisfun's Avatar
  • Platinum Member
  • Platinum Member
10 May 12 #329796 by MrsMathsisfun
Reply from MrsMathsisfun
What type of pensions are they?

If they are both final salary schemes then you are entitled to a statement of benefits or CETV once a year free of charge.

Dont think money purchase schemes charge for CETV''s.

If there was a disagreement about pensions then you might involve a actuary which is expensive.

Think a judge would throw out a Consent Order without a cetv''s because it could be considered unfair.

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