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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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paying my share

  • Chill
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21 Feb 08 #14682 by Chill
Topic started by Chill
I have been separated for a year. My wife still lives in our house. what sort of financial contribution should I be contributing to the household Expenses. We both work. At the moment it is split 2 thirds me, 1 third my wife. Is there any legal obligation on my part. Thanks for any help.

  • rubytuesday
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22 Feb 08 #14705 by rubytuesday
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Hi Chill.

My sols informed me that my x2b had a "legal obligation to share the running costs of the house", ie bills and repairs and maintence. He suggested a 50/50 split, although my x has a considerabaly higher income that I do, and considerably lower outgoings. He did suggest that we should try to work out a fair agreement between ourselves, however when I mentioned this to my x, he threatened to move back in if I pursued this! I don't want him back in the house, making everyone miserable again, so have decided not to ask him for his share of the bills, therefore I pay 100% of all running costs, etc.
I assume you have your own household expenses? Prehaps you could tak to your wife and see if you can agree on a more mutally suitable arangement? If not, talk to your sols.
Hope this helps
Ruby

  • Elle
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22 Feb 08 #14718 by Elle
Reply from Elle
Hi Chill,
I was advised (and assessed) that as I couldnt financially contribute at time of separation, I could offer to take a reduction in the division of assets which I was happy to agree to. If its a joint mortgage, both parties have a legal obligation. I f there are children, both parents have legal obligations and responsibilities. You have to also consider your housing needs.
Elle

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