• Divorce Solicitors
  • Childrens Issues
  • Financial Settlements
  • Collaborative Family Law
  • International Family Law
  • Prenuptial Agreements
  • Civil Partnerships
  • Cohabitation Law
  • Divorce Solicitors
    Childrens Issues
    Financial Settlements
    Collaborative Family Law
    International Family Law
    Prenuptial Agreements
    Civil Partnerships
    Cohabitation Law

    How Are Assets Split In Divorce?

    A Fair Settlement

    The Court’s obligation is to impose a fair settlement upon the spouses in the event of a divorce.

    It also needs to take into account, and in fact this is its primary obligation, the interests of the children when deciding who should have what from the divorce.

    There are 8 primary factors to be taken into account as follows:

    1. The financial resources of each of the parties to the marriage.
    2. The financial needs, obligations and responsibilities of each of the parties to the marriage.
    3. The standard of living of the family before the breakdown of the marriage.
    4. The ages of the parties to the marriage and the duration of the marriage.
    5. Any physical or mental disability of either one of the parties to the marriage.
    6. The contributions which each of the parties has made or is likely to make to the welfare of the family.
    7. The conduct of each of the parties if that conduct is such that it would in the opinion of the court be wrong to disregard it.
    8. The value of each of the parties to the marriage of any benefit which by reason of the divorce, that party will lose the chance of acquiring e.g. a spouses pension.

    Looking for more information on Financial Settlements? Please contact us and our team will do their best to advise you about your rights.

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