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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Form E finances split from when?

2 replies

rugrug · 29/01/2023 21:30

Hi, we've exchanged form E, but it will still be some time before the divorce is finalised. By that point our finances will look quite different as I'm living off my savings as a low earner and he is saving thousand a month as a high earner. When people talk of agreeing a percentage split, when is it applied to - is it from the figures on form E or from the finances at point of separation? This makes a big difference to me. I know I could ask my solicitor but every email costs me money and I couldn't find the answer online. Thanks for any answers.

OP posts:
rugrug · 29/01/2023 21:31

rugrug · 29/01/2023 21:30

Hi, we've exchanged form E, but it will still be some time before the divorce is finalised. By that point our finances will look quite different as I'm living off my savings as a low earner and he is saving thousand a month as a high earner. When people talk of agreeing a percentage split, when is it applied to - is it from the figures on form E or from the finances at point of separation? This makes a big difference to me. I know I could ask my solicitor but every email costs me money and I couldn't find the answer online. Thanks for any answers.

I meant finances at point of final divorce (not seperation). Thanks.

OP posts:
Newlifestartingatlast · 29/01/2023 21:57

Have a look at government site on notes of form E…it should specify there.

when ex and I did it we did a few passes at very stages as valuation came in, but then agreed a date to use for final version on D81 which was roughly just before decree nisi ( as was until last year). But we were fairly amicable and both still in our home waiting for exchange to go through. We made some decisions on how we’d value some things irrespective of dates . Like he had some investments he’d taken out in year before and value was lower than paid in ( often the case if 1 year investment) so i agreed to value at what he’d paid in - it seemed fair to me.

it depends on if you’re amicable and he’ll be flexible about timing. If not look at what government site says in accompanying notes for form E ( and D81 which you’ll need to summarise on, if going consent order route)

id strongly advise you to use the ADVICE NOW guides on financial settlements. They cost around £20 to download but will help you understand how you need to split based on “fair settlement” . This is legal starting point the courts have to meet as stated in marriage act. It does NOT always mean a50:50 split. And it should take into account that you’re the,lower waged , higher savings but eroding savings fast. There’s a link to the guides now on the top of the MN divorce chatboard.
You talk about a % split, but really “fair settlement” is based on absolute numbers first through the 10 or so criteria that have to be met before splitting the rest.

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