Everything You Need to Know About Financial Dispute in Divorce Matters in the UK

1. Everything You Need to Know About Financial Dispute in Divorce Matters in the UK Fair share This essentially means a 50/50 split, though the court has the final say in all settlements. There would be no discrimination between the homemaker and the breadwinner. If a couple has been married for decades, the partner who left work to raise the children might get preferential treatment. All the assets like Matrimonial Home, Business Assets, Assets Held in a Trust, Pension, Overseas Assets, Life Insurance, Or Endowment Policies are split into half. Children The needs of the dependent children are given top priority in the court of law. In practical terms, this usually means that accommodation must be provided for the children and the parent who looks after the children for much of the time. However, if both parents have agreed to share the child’s arrangements equally, then their housing needs are likely to be equal as well. Facts are taken into account The age of each party in the marriage and the duration of the marriage also plays a significant role. This includes the physical or mental disability of either of the parties and the standard of living enjoyed by the family before the breakdown of the marriage. Final thoughts Although all of this sounds very complicated, the dedicated team of professionals at Alfred James and Co. provides fast, friendly, and reliable legal services for your financial disputes in divorce matters in the UK. www.alfred-james.com