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Oct 12, 2023 · Our divorce solicitors answer your questions on divorce financial settlements and entitlements. What a wife will get depends on the section 25 factors.
- 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.
How to work out splitting up money, property and possessions when you divorce or dissolve a civil partnership - including mediation.
Nov 3, 2023 · Discover the ins and outs of financial settlements in divorce, including typical UK settlements and what your spouse is entitled to in a fair settlement.
Oct 19, 2020 · 19 Oct, 2020. During financial proceedings in divorce cases, both parties will be required to make a full disclosure of their assets. This enables the Court to consider all relevant assets and therefore distribute them fairly.
Jan 9, 2024 · Couples who divorce have to sort financial settlements in a separate and parallel process. However, since no-fault divorce was introduced there have been concerns this could lead to more speedy divorces, where spouses don’t consider all the financial remedies available to them.
This guide explains how to agree a financial settlement if you are getting divorced or ending a civil partnership. We help you understand more about what a judge might order in a case like yours to give you a better chance of making a fair agreement with your ex without having to go to court.
