CETV stands for 'Cash Equivalent Transfer Value'. In effect it gives the value of the funds held in the pension pot. It is used in divorce settlements to compare spouses' pension funds
Pensions are marital assets and must be taken into account in the divorce financial settlement. Pensions are not looked at in isolation – they are one of the assets to be divided in the settlement.
Divorce negotiation can be challenging but it's essential to strive for a fair and amicable resolution. This ultimate guide will explain the process:
We now have a ‘no fault’ system of divorce in England & Wales. This means that neither party need point the finger of blame at the other.
A financial consent order is an incredibly important document as it brings about financial severance between spouses. Without the order, a former spouse can make future financial claims against you.
Experience over many years confirms time and time again that remote mediation is a much more satisfactory way of conducting the mediation discussions.
Consent Orders and Clean Break Orders are often used as interchangeable terms – however that is not strictly correct. A Consent Order is a voluntary agreement by 2 parties getting divorced.
You may have decided that you want to separate a long time ago but that’s not necessarily the case for your partner who may be unaware of the impending separation
Pension sharing on divorce The value of any pension assets must be taken into account in any divorce settlement (also applies to civil partnerships) If there is a disparity in how much each party ha
Mediation: is a much more cost effective way to resolve a dispute. The role of a good mediator is to get you to an agreement as quickly as possible, thereby avoiding the need for endless sessions.
No fault divorce came into effect in England and Wales in April 2022. This means that couples will be able to get divorced without one person needing to blame the other.
The European Code of Conduct for Mediators sets out principles that mediators follow in order to meet compliance and is set out as follows:
