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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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Inheritance

  • jaustin
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18 Feb 08 #14286 by jaustin
Topic started by jaustin
My wife inherited some money from her mothers Will some 7 years ago- which she has saved. Is this money added to the assets of both of us to be divided in the split. We have been married for 37 years.
Also we are both 58 years old- would the court expect my wife to find a job at her age to semi support herself financially. She has not been employed for 35 years whilst bringing up our 4 children- we only have one daughter still living at home aged 15years.

Many thanks

  • Fiona
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18 Feb 08 #14294 by Fiona
Reply from Fiona
I've just posted on another of your threads and getting job at 58 after 30+ years is a none starter. As far as inheritances go they are a grey area and if there are enough resources to met both parties needs and the inheritance hasn't been incorporated into family finances they may be kept separate, although they still need to be disclosed.

In financial settlements the overall picture is important so may I suggest that you post all the circumstances and questions in one post to get more specific answers? Relevant details are ages, duration of the marriage, nos children and their ages, values for all the joint assets equity in the former marital home, an other property, savings, investments, pensions, valuable art collections, boats, horses etc and any debts.

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