An agreement can be reached either by negotiation between the parties and their family law solicitors, or through the court process if necessary. The courts will assess how any capital should be divided as well as whether or not ongoing income should be shared.
The following factors will be taken into account:
- The length of the marriage
- The current earnings of each party
- Children – their financial needs and any other factors that may affect their future well-being
- The possible earning capacity of each party in the future
- The standard of living the couple have enjoyed during the marriage
- The assets of each party (including pensions)
- The financial contribution that each party has made to the marriage
- Other, non-financial, contributions that each party has made to the marriage such as caring for the children and running the house
Family Law Solicitors
At SAS Daniels we’re happy to discuss any requirements you have or any questions that can stem from matters such as Divorces and the law surrounding it. Please get in touch if you have any further questions.