Shortlands

Factors Affecting Settlement

When looking to finalize a settlement, the Court must give first consideration to any children of the family as they will need accommodation during their minority and a comfortable lifestyle if at all possible.

The starting point is to look at an equal division of the wealth, but this is not always the case. Circumstances can shift the division, either way; this includes; factors such as inheritance, extra contributions, accumulations of wealth after separation and most importantly, each party’s needs.

After looking at the above, the Court considers the following:

• The duration of the marriage.
• The ages of the parties.
• The earning capacity of each party – both now and in the future.
• The accommodation needs of each party and any children.
• The monthly needs of each party and any children.
• Any physical or mental disabilities.
• Contributions made by each party to date or to be made in the future.
• The conduct of each party within proceedings.

The Courts also try to achieve a clean break wherever possible or limit any financial duties that one party should have to the other by imposing an order for a limited period of time. However, this is not always achieved.

 

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For more information, please get in touch with us by using info@shortlands.co.uk or call us 02076299905 or book an initial online consultation.

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Shortlands is a boutique family law firm with over 20 years of experience in dealing with the trials and tribulations of a divorce and all family law matters. As a result, we have become the first choice of family law specialists in London.

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Our professional and highly experienced team of family lawyers can assist you in your legal matters with full respect, ensuring you maintain a private family life. For more extensive advice and information, please email info@shortlands.co.uk or call us 02076299905 or book an initial online consultation.

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Frequently Asked Questions

There are a wide range of claims that can be made depending on your circumstances.

Please see Your Rights.

If matters can be agreed than the agreement is filed with the court after the pronouncement of the Decree Nisi.

 

If matters proceed to court then matters could take six months to a year to settle.

If you do not have an income than an application for interim maintenance can be made seeking a monthly sum to cover utilities and urgent living expenses as well as fees. The amount received depends on the other party’s income.

Absolutely. Full and frank disclosure is sought before any settlement is reached. See Hidden Assets & Disclosure.

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