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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.

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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.

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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CETV

  • buzyizzy
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12 Sep 12 #355495 by buzyizzy
Topic started by buzyizzy
We have the FDR in less than two weeks and despite my requests for an up to date CETV from stbx, I still have not received one. Will this affect the FDR? Will it be adjourned or what will happen?

Thanks

  • NoWhereToTurnl
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12 Sep 12 #355512 by NoWhereToTurnl
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In my case the DJ gave Directions & order that he had to comply but as not an expert I will

BUMP

  • soulruler
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12 Sep 12 #355545 by soulruler
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What disclosure has there been on his pension and is it significant enough to make a real difference to the financial outcome

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13 Sep 12 #355585 by buzyizzy
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He had a CETV done May last year, which he eventually disclosed last November, nothing since.

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13 Sep 12 #355591 by soulruler
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Well I would question whether it was worth it financially or emotionally to bother with another one - it is a bit old but adjurning a hearing or endless solicitors letters at at great cost, delaying the resolution and all that - I think unless the amount is spectacular I would leave it unless you are unhappy about other disclosures or non disclosures.

Also as Dukey pointed out on another thread somewhere court hearings these days are getting shorter and shorter so best to concentrate on the big issues and not get bogged down with smaller details - not as if there is no disclosure of pension and CETV are good disclosures in any case.

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13 Sep 12 #355678 by ian conlon actuary
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The significance of having a CETV which is out of date will depend upon the circumstances. Based on the old CETV, is the pension asset substantial relative to other assets?
If the pension is from a defined benefit type pension scheme then it will have incrreased over the perod from May 2011 to date. This increase could be up to 30% or more as market rates of interest have fallen significantly over the 16 months.
Ian

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13 Sep 12 #355692 by buzyizzy
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There are no other assets. He has been very reluctant to hand over any documents. It has taken me two and a half years to get him to disclose bank statements and his mortgage statement. There is a lot of stuff he still hasn''t disclosed which I''m far from happy about. I''m convinced he''s hiding something. You don''t live with someone for 18 years without learning a bit about them! So, yes, I do feel that an up to date CETV is necessary.

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