Divorce and financial settlements: How are assets divided?

Written By Alison Robinson

Financial settlements in a divorce can be complex, and in the UK, there is no fixed formula for dividing assets. Instead, courts aim to achieve a fair and reasonable outcome based on the specific circumstances of the couple.

Under the Matrimonial Causes Act 1973, judges consider several factors, including:

  • The financial needs of both parties

  • The standard of living maintained during the marriage

  • Contributions made by each spouse, both financial and non-financial

  • The welfare of any children involved

Unlike in some other countries, UK law does not automatically split assets 50/50. Instead, the court assesses what is fair.

Couples can negotiate financial settlements through mediation or legal advice without involving the courts. If no agreement is reached, a judge will decide how assets such as property, pensions, and savings are divided. Seeking guidance from a divorce solicitor can help protect your financial interests.

If you need legal support regarding divorce or financial settlements, Owen Kenny is here to help. Contact us on 01243 790532 for expert advice.

#familylaw #divorcelaw

Alison Robinson
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