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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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preparing for mediation

  • jemma12345
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31 May 19 #507789 by jemma12345
Topic started by jemma12345
what do I to do to prepare for mediation?
Is it based on trust that both parties will disclose truthfully?
what about debts accrued during separation?
Is it worthwhile?

  • .Charles
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31 May 19 #507800 by .Charles
Reply from .Charles
If you are both prepared to attend then it is worthwhile as the alternative is to try to sort things out between yourselves or go to court.

The process is based upon being truthful so if it is apparent that one or both parties is not being so, the process will most likely fail.

Debts accrued during separation can be relevant but if one party incurred debts of rental when the other remained in the former matrimonial home that could be a reason to include the debt as joint.

Charles

  • jenson
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22 Jul 19 #508657 by jenson
Reply from jenson
mediation is worth a try and can save so much time and money, it does involve total cooperation and honesty, in my case it did not work as my ex wife used it as a blaming excise as we had not seen each other for over a year. both have to just be prepared to to be frank and honest, it can be hard on a emotional level if this has not been dealt with prior to the meeting as much as possible. The mediators are experienced and soon realise what is going on and to there best not to let things go off tangent.

Every aspect of ones finances is relevant, taking into account expences debts, earnings, pensions and most important housing needs. You will need to provide full and frank financial disclosure and will be asked to fill in a form E. It is worth while preparing as much information regading your finances as possible, at the first meeting we were asked to provide a summary of our assets and debts earnings etc. Whether it is during or or prior to the seperation all needs to be disclosed whose debt it is can be worked out but certainly needs to be disclosed.

My ex ended up going down expensive court route luckily we ended up settling before the second hearing so could have been worse, she ended up taking what I had offered from day one so we could have saved money and time but we just had to go through the process just to get there.

Best of luck hope all goes swiftly so you can both be happy living again.

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