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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.


fair settlement advice for mediation .

  • paulkracken
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18 Feb 09 #90865 by paulkracken
Topic started by paulkracken
wife 37 husband 37
daughter 17
earnings :wife 39000 husband 18000
house equity 160000
car 5000
van 2000
wife pension 75000 CETV
husband pension 25000 CETV
nothing else except furnishings roughly 3000
mediation tommorrow .:unsure:

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18 Feb 09 #90868 by paulkracken
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sorry not mentioned 13 yrs marrighe 4 yrs cohab total living together 17 yrs.thanx

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18 Feb 09 #90889 by Kalamari
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Paul,

This is a long marriage, so marital assets should be split evenly. Although there is one child, as she is about to become adult at 18, I suspect that one could consider that there are (almost) no dependants, certainly that could be the position at the end of her secondary education.
For the first mtg, it may be useful to listen to your stbx's proposal, and then say you would like ~ 50:50 split.

House could be sold, so both parties have 50% of equity towards rehousing. Or can she raise enough to buy you out of the house - ie at least £80k

Additionally, you are entitled to ~ 1/3 of her pension so that the pensions are equalised. Alternatively she could keep all her pension and offer you a larger share of the equity.



Good luck

Kalamari B)B)

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18 Feb 09 #90907 by paulkracken
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my ex has put the house up for sale already to which i agreed .i am not forceing the sale as would prefer to wait till daughter is 18 in 12 months time.hope ive done the right thing by agreeing to the sale now ?

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