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 order for a limited period of time. However, this is not always achieved.
For more extensive advice, please do not hesitate to attend an initial consultation, or email us, or telephone us.
Frequently Asked Questions
What can I claim?
There are a wide range of claims that can be made depending on your circumstances.
Please see Your Rights.
How long does it take?
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.
How long will I pay bills and legal costs until settlement?
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.
Will all the hidden assets/income be disclosed and taken into account?
Absolutely. Full and frank disclosure is sought before any settlement is reached. See Hidden Assets & Disclosure.
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