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Do I need a solicit...
 
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Do I need a solicitor for my financial settlement

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Posts: 6
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Topic starter
(@tim24)
Active Member
Joined: 9 months ago

I am going through divorce, exchanged form e voluntarily. Ex solicitor offered to have 70% of total equity after selling house. This is too high and I will not be able to afford myself and unable to sell the house. Do you think I need a solicitor here or direct access barrister would be enough here? I am just thinking dealing financial settlement by self or only rely on direct access barrister might loss my percentage.  If you know any good person who can help me please let me know . thanks

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Posts: 645
(@dadmod3)
Honorable Member
Joined: 4 years ago

There are some helpful guides on the advicenow.org.uk website which might help guide you through the process

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Posts: 5328
(@dadmod2)
Illustrious Member
Joined: 6 years ago

Hi,

I have spoken to people with experience and a common outcome is a 60/40 split. You could make counter offer to her solicitor. You could aim high and seek 50/50. If no deal, you can take your chances in court. You can self represent, otherwise lawyers will take a big chunk of your equity in legal fees.

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(@tim24)
Joined: 9 months ago

Active Member
Posts: 6

@bill337 Thanks for your advice, its really helpful.

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Posts: 11890
(@dadmod4)
Illustrious Member
Joined: 15 years ago

There are specialist organisations that will deal with the paperwork and negotiations in divorces, but can't represent you in court - they will cost much less than solicitors/barristers, so it's an extra option for you - it depends on how aggressive her solicitor is, or whether you think a compromise may be reached.

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(@tim24)
Joined: 9 months ago

Active Member
Posts: 6

@actd Thanks, could you please send me the name or link of that organization. I am an early stage of negotiations and I think her solicitor will not agree and case will go in court. Other question is I am eligible for disability allowance do you think claiming it will effect in financial settlement as an extra income?

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(@dadmod4)
Joined: 15 years ago

Illustrious Member
Posts: 11890

@kameeq hi, I've sent you a direct message with details.

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Posts: 5328
(@dadmod2)
Illustrious Member
Joined: 6 years ago
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