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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.

 

how to change my will?

  • lilyrose
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12 Aug 08 #39564 by lilyrose
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Does anyone know of a website which gives standard wording for a will?

I wish to change mine so that my children are first in line should anything happen to me. At the moment it goes to my x2b first then my kids.

Cant really afford yet another visit to a solicitor!

  • Ephelia
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12 Aug 08 #39565 by Ephelia
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I used a site called www.compactlaw.co.uk/ - cost me about a tenner to buy a template I just had to fill in.

I'm sure there must be others.

  • daisybell
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12 Aug 08 #39566 by daisybell
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hi lilyrose, most banks do will making for free, mine is barclays and they do, already changed mine to benefit my son, thanks dave

  • Kevin01
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12 Aug 08 #39569 by Kevin01
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I had the same problem so I went to a solicitor to get the wording exactly right, only cost £100.
Probably open to a legal challenge but I left the house exclusively to the kids the wrote a justification that since she owned a 50% stake in a very valuable overseas property, infact her stake in that was worth more than the house in the UK anyway I thought that leaving the house to the kids was the right thing to do.
Plus the fact that she was going bankrupt so didn't want her losing the kids inheritance.

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12 Aug 08 #39570 by Kevin01
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I should have added that my grave concern is how the kids would be brought up since my ex wife has virtually no interest in looking after them.

  • lilyrose
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12 Aug 08 #39579 by lilyrose
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Hi everyone

Thanks for all your advice.
Lily

  • redoctober
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12 Aug 08 #39591 by redoctober
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Hi Lily,

May I just come in here with a word of caution. It is NOT a good idea - despite what many solicitors say - to write a will when you are in the middle of divorce proceedings.

There is a simple reason for this and I did not know about it until divorcelawyer pointed it out : if your financial affairs in the divorce have not been settled as yet and you make a will, this can be contested if one of the parties dies.
Not only can it be contested, but it most certainly will ( after all, these are divorce proceedings ) and the costs of this will be taken out of the matrimonial pot....

I would encourage you to go to divorcelawyer's posts and trawl through them ( a lot of them ) to find the one on wills.
It is worth a read and explains it much better than I could.

Red XX

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