- Posts: 30
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.
Do you need help sorting out a fair financial settlement?
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.
occupancy order ends 27th sept 2012
04 Jun 12 #334931 by Fiona
Reply from Fiona
It''s difficult to comment without knowing al the details. Assets are shared according to a checklist of factors in s25 Matrimonial Causes Act 1973 and often the needs of the parties are near the top of the list. The priority is the welfare of children and keeping a roof over their heads.
When the former matrimonial home is bigger than required to house children adequately it may need to be sold to release equity to enable both spouses to rehouse. If the FMH isn''t too big it is then a question of whether or not you can afford to pay the mortgage when your income from all sources - Child Benefit, child support, other state benefits and, depending on you need and your husband''s ability to pay, perhaps spouse maintenance.
Hope that helps.
When the former matrimonial home is bigger than required to house children adequately it may need to be sold to release equity to enable both spouses to rehouse. If the FMH isn''t too big it is then a question of whether or not you can afford to pay the mortgage when your income from all sources - Child Benefit, child support, other state benefits and, depending on you need and your husband''s ability to pay, perhaps spouse maintenance.
Hope that helps.
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