Financial settlements
When dividing finances between a divorcing couple the court will take into consideration:
- Assets: the earnings, property and other financial assets each partner has, or is likely to have in the future.
- Needs and Responsibilities: any debts, such as mortgages, that either partner needs to pay off or any children that need to be provided for.
- Standard of Living: the difference a divorce will make to the couple’s standard of living, as well as any contributions made to the marriage and their effect on the family’s welfare.
- Duration of the Marriage: the length of the marriage, the age of both partners and the likelihood of either partner remarrying.
- Disabilities: any physical or mental disabilities that will require funding for the partner to cope by themselves.
- Behaviour: the behaviour of either partner may, in exceptional circumstances, be taken into consideration.
- Benefits: any benefits brought to the marriage that may be lost on divorce, such as pension schemes.
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