Both parties agree the settlement

The quickest and least expensive way of sorting out your finances when you are getting divorced is to sit down with your ex and list all of your assets/liabilities and your ex’s assets/liabilities plus the joint assets/liabilities.

Then try to come to an agreement about how everything should be split.

The starting point for a medium to long marriage is 50/50. So, a marriage say over 6 or 7 years a 50/50 split would be the starting point.

Where there is a child of the family or children, then a 50/50 split can be the starting point for short marriages.

See if both you and your ex can come to an agreement.

You may wish to consult a lawyer beforehand to find out where you stand.

If you can come to an agreement instruct a lawyer to turn the agreement into a binding court order which lawyers call a ‘Consent Order’.