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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.


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.


Sharing single endowment proceeds

  • Solicitorless
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03 Aug 12 #347206 by Solicitorless
Topic started by Solicitorless
My wife and I separated in June. In July an endowment matured. I originally took it out when I was single and paid into it for 10 years before we were married. I paid into it for 15 years during the marriage. Is she entitled to 50% or a lower percentage?

  • hadenoughnow
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03 Aug 12 #347210 by hadenoughnow
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It depends. Are you planning to spend it? If you are not then you could put it in a savings account to be divided when the finances are settled assuming you go on to divorce.

Hadenoughnow

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03 Aug 12 #347214 by Solicitorless
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No, intending to put it in an account to pay for school trips for daughter. (It is only £2000). I''m just not sure whether a 50/50 split is what would be ended up with or whether it should relate to the amount of time we were married.

For the amount it is I will accept a 50/50 split for the reaminder, as to get solicitor''s involved is likely to cost more than the difference. She has a solicitor (legal aid), I do not.

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03 Aug 12 #347216 by hadenoughnow
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50:50 is the start point for division after a long marriage. But other factors mean it rarely ends up like that. The 2k would be part of the marital pot to be split according to needs first. Have a look at section 25 of the 1973 matrimonial causes act.

Hadenoughnow

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