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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.


DIY finances

  • shinyhappypeople
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04 Aug 08 #37402 by shinyhappypeople
Topic started by shinyhappypeople
Can anyone advise
My stbx has told me hes been to see solicitor and she advised mediation over finances was ok ( I suggested mediation ) but wed be better sorting it ourselves .
We have been married 6 years and he says we should get valuations of property and pensions we both held 6 years ago and to date and then divide up whatever increase there is . My problem is that he also has savings (30k) which he thinks I dont know about , and although I work my salary is tiny compared to his and Im not sure whether this should be taken into account in any way . We have grown children from previous marriages . We have lived in my house while married and he has rented his out , they have both increased in value but since we took extra mortgage on mine I will struggle to pay it on my own .
From reading these posts I would like to come to easy agreement but my stbx negotiates for a living and is very good at it!!

  • hadenoughnow
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04 Aug 08 #37454 by hadenoughnow
Reply from hadenoughnow
shiny,

What you are suggesting seems like a fair enough way to look at things .. but do make sure you have details of ALL his finances .. savings shd go into the pot - especially if they were built up during the marriage ... as should additional debts - ie your remortgage. Then you can get a proper picture of what is in the assets pot and divide it up. Your remortgage should be at least 50% his responsibility. As your earnings are so small it may be appropriate for you to have a larger share of the equity. Remember if you are going to get a Consent Order - the safest thing to do - there will have to be financial disclosure for the judge to agree to it.

When you have the figures, post them if you want and we can give you our thoughts.

Hadenoughnow

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