The dreaded D word filled with very high emotion on all sides. Once that decision is made. Understanding what follows could save you a great deal of time and pain when making a decision on family arrangement or finances. The HM courts and tribunal services D190 is a good start.
FORM E – Data Gathering form
The first part is about is about General information and part 2 focusses on the financial details (property and personal asset)
- Mortgage
- Personal bank account and savings account
- Investments
- Life insurance policies
- Personal effects
- Pensions
- Earned income in employment and other income.
The schedule of document to accompany your Form E.
You can get copies of this form online at hmctsformfinder.justice.gov.uk. where the divorce or dissolution, nullity or legal separation application took (or is taking)
place. After you begin, there are usually three stages to getting a financial order:
- the first appointment.
- the financial dispute resolution (known as FDR); and
- the final hearing
One of the key assets outside of your property is your pension asset. A judge has the power to share out all your income, property, pensions and savings (the law calls these things of value ‘assets’) in a way that meets the needs of your children (who are under 18) first, and then you and your ex.
The overall aim is to get a fair outcome for you and your ex. But be aware that to get to this, it doesn’t always mean that everything is shared out equally – 50/50. What someone might think of as fair when it comes to pensions may well be very different to how the law views it. When it comes to pensions, there are three broad ways they can be dealt with on divorce.
- Pension Sharing (pension splitting)
- Offsetting
- Earmarking (pension attachment order)
To learn more about it