A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


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.


How can I get a fair deal for both of us

  • amanda
  • amanda's Avatar Posted by
  • Junior Member
  • Junior Member
More
13 Mar 08 #16647 by amanda
Topic started by amanda

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
More
13 Mar 08 #16650 by Fiona
Reply from Fiona
From what I remember your pension isn't really large enough to warrant sharing. How long was the marriage, are the children your husband's and what are your respective ages?

  • soulmanuk
  • soulmanuk's Avatar
  • Elite Member
  • Elite Member
More
13 Mar 08 #16655 by soulmanuk
Reply from soulmanuk
a fair deal for me as explained by the sol is to take on a loan of £42000. that will clear £15000 debt off stbx and give her £12000. on top of this she has £8000 more pension than me. i will have to pay the debt until i retire (FMH only worth £65000) she lives with new partner who has 2 houses and got some land. so looking at it she gets in theory £35000 and i have to pay a debt of £42000. if i dont the kids and i will be homeless as she wants the fmh sold. i know i am going to get screwed. i only earn a gross of £13000 so i cant afford to live anywhere else, but i will have to bite the bullet for the sake of the kids. she always got her own way for 20 years so nothing as changed..

  • amanda
  • amanda's Avatar Posted by
  • Junior Member
  • Junior Member
More
13 Mar 08 #16660 by amanda
Reply from amanda
Hi Fiona, we have been together for 22 years married. I have 3 children 2 at home and a older child at University but finishes this year. 7 year old 15 year old and 21 year old.

  • amanda
  • amanda's Avatar Posted by
  • Junior Member
  • Junior Member
More
13 Mar 08 #16661 by amanda
Reply from amanda
Hi Fiona, we have been together for 22 years married. I have 3 children 2 at home and a older child at University but finishes this year. 7 year old 15 year old and 21 year old.

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
More
13 Mar 08 #16674 by Fiona
Reply from Fiona
You have £90k equity and your husband £60k giving a total of £150k. That means a division of equity 60:40 in your favour which isn't unreasonable. Presumably the court told your husband to provide details of the royalties and business so he will need to answer to the judge. Pensions are not realisable in the same way as other assets and therefore might be considered at a lesser value and when the costs involved in sharing are taken into account I don't think your pension will be deemed large enough to share. This would then leave you with approx 70% of the assets which isn't beyond the realms of possibility. Do you have representation to argue your case?

  • amanda
  • amanda's Avatar Posted by
  • Junior Member
  • Junior Member
More
13 Mar 08 #16681 by amanda
Reply from amanda

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11