- Posts: 7
The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.
What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.
The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.
A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.
Separation agreements - these cover the divison of assets as well as arrangements relating to the children. You appear to have discusssed between yourselves the bulk of the assets splits, but dont forget things like pensions, shares, insurance policies, etc are all counted as assets, and as such maybe claimed on.
The more you can agree between yourself and away from the sols office, the better it is for everyone (bar the solicitors!)its less expensive, and slightly more civilised. Once the SA has been agreed upon by both parties, and signed, it is then registered in the BOok of Council and Session in Edinburgh, thus making it a legal and binding document. There is only limited scope for changing the terms of a registered agreement. For example, it's possible to vary the arrangements made for the care of the children and to vary the arrangements made for the payment of maintenance for a spouse and/or children if there is a change of circumstances. Otherwise the provisions of the agreement can only be challenged if it can be shown that they were not fair and reasonable at the time they were entered into.
The main thing is to agree as much as you can between yourselves avoiding large sols bills, BUT always seek legal advice before agreeing to sign anything!
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.
Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.
Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.
This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.
Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.