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The Divorce, Dissolution and Separation Act 2020 (“the 2020 Act”) amends the Matrimonial Causes Act 1973 and the Civil Partnership Act 2004 to remove fault-based concepts in proceedings for divorce, dissolution and (judicial) separation.
- What Is A Fair Distribution of Assets Between Spouses When They Divorce?
- Navigating Financial Contributions in Divorce
- Is It Fair?
- What Are Matrimonial Assets?
- What If Our Contributions to The Matrimonial Assets Were Unequal?
Before I proceed I should explain that I shall purposely be trying to limit the amount of law in this post. The purpose of this article is to discuss what society thinks the law relating to financial settlements on divorce should be, not what it actually is. When the question “should my spouse get half in divorce?” is posed, a central issue is whet...
A traditional scenario that’s still common, is that one party is the primary earner, while the other works part-time or remains at home running the household or caring for children. Once this arrangement is established it creates an imbalance between the earnings, or values of the assets acquired by each party during the marriage. How these unequal...
It all boils down to the concept of ‘fairness’. The problem, of course, is that two perfectly reasonable people might have quite different ideas of what is fair. Some will agree it seems fair that homemaking equals breadwinning, at least in broad terms. But then things are not always straightforward and respective contributions are not always equal...
Matrimonial assets include everything you or your spouse have, whether in joint or sole names, such as the family home (including any outstanding mortgage), pensions, savings, investments, shares, businesses, vehicles and jewellery.
All contributions to the marriage, including child rearing, are considered in the financial settlement. When examining the split of all assets, the starting point is 50/50. However, the Court has broad discretion and will consider all aspects of your case with a primary focus on provision for children and housing needs.
Nov 2, 2022 · Divorce rates in 2021 were 9.3 for men and 9.4 for women per 1,000 of the married population (including both opposite-sex and same-sex couples); in comparison the rates in 2020 were lower, with...
Mar 28, 2022 · The Divorce, Dissolution and Separation Act 2020 amends the Matrimonial Causes Act 1973 and the Civil Partnership Act 2004 to remove fault-based concepts in proceedings for divorce, dissolution and (judicial) separation.
Nov 9, 2020 · The Divorce, Dissolution and Separation Act 2020 has now been passed and given Royal Assent. It reforms the law so that no fault divorce will be available once the Act comes into force, currently anticipated to be Autumn 2021.
- fiona.turner@weightmans.com
- Partner
The new Divorce, Dissolution and Separation Act 2020 came into force on 6 April 2022, bringing in the long-awaited no-fault divorce. Family associate Katie O'Kelly discusses the five key changes introduced by the Act, including changes to divorce terminology and the fact that there is no longer a requirement to provide evidence of unreasonable ...
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•Settlement will need to deal with unrealised tax liabilities for previous years to avoid unfairness •Assess the realistic tax risk and then discount the amount payable which may be
