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What are we each entitled to in our divorce settlement?

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The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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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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Old Pension Sharing Orders

  • The Divorce IFA
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09 Jul 12 #342151 by The Divorce IFA
Topic started by The Divorce IFA
Hi,

I was contacted by a client recently whose pension sharing order had not been implemented and she was looking for advice on what to do.

Not too unusual you might think but the date of the order was 2003! She has been divorced since this date.

We are now working towards getting this implemented asap but is likely that her share of the CETV will be lower because the husband has taken benefits in the meantime (not to mention the risks involved during this static period).

Plus she cannot go back to the original solicitors and complain because she would be time barred.

So once the orders are finalised make sure you take control of what happens next. Please don''t assume that the court or your solicitor will arrange implementation automatically.

Delays do occur but 9 years is far too long!

Phil

PS this equalled my record for the longest outstanding PSO so it is not an isolated case.

  • rubytuesday
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10 Jul 12 #342301 by rubytuesday
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Phil,

Thank you very much for this - a warning for all!

9 years :s

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