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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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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.


Getting the facts before you do the deal.

  • maggie
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31 May 12 #334297 by maggie
Topic started by maggie
www.pensionsanddivorce.org/PensionSharingProcess.html
"Having received a pension sharing Order the Pension Scheme will then write to both parties informing them of what has happened and ask for certain information. Until that information is provided, which can also require the payment of fees, the process to put the order into effect does not start. The Pension Scheme will inform the spouse receiving the share, known as a pension credit, how they discharge of their liability to the credit."
i.e the pension scheme will tell you what the pension scheme will allow you to do with your share of the pension - that should be a confirmation of information you already have - if the first you know about it is after the PSO has gone to the pension scheme and they tell you you can''t stay in the scheme/must stay in the scheme or if the rules they apply to pension credit pensions are "unfair" or undermine what was agreed it''s difficult to do anything about it.

No idea why that''s all blue but I like it.

  • rubytuesday
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31 May 12 #334298 by rubytuesday
Reply from rubytuesday
I like the blue too:)

Thanks for this article, Maggie - what would Wiki do without all the information on pensions you provide?

Ruth

  • maggie
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31 May 12 #334310 by maggie
Reply from maggie
Knowledge is power and all that - just seemed to be a rash lately of "pig in a poke" pension sharing - [like mine.]

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