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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.

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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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Clarification of Court Order Paragraph

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12 Apr 12 #323362 by itydntk
Topic started by itydntk
Can anybody clarify what the following means:

2. There be leave, on 14 days notice, on the sale of the former matrimonial home, for the Respondent to bring this matter back to the Court for the purpose of reviewing paragraph 1 of this order and specifically the periodical payments.

Does it mean that at ANY time after the FMH is sold as long as 14 days notice is given then the matter can be returned to court

or

Only within 14 days from the date of sale of the FMH the respondent has the option to return the matter to court.

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12 Apr 12 #323400 by Fiona
Reply from Fiona
My interpretation is that permission is given for the Respondent to apply to review spouse maintenance giving 14 days notice when the house is sold.

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12 Apr 12 #323402 by itydntk
Reply from itydntk
Thank you for the response. But the question is can those 14 days be a week, a year or any length of time as long as it is after the sale. Is it forever an open option.

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12 Apr 12 #323405 by Fiona
Reply from Fiona
I think it would be within a reasonable time of the house selling to reassess the situation. Any other change of circumstance would require an application to vary SM requiring further hearings so the financial position of both parties would be looked at again.

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