What information do I have to provide?
In deciding what constitutes a fair and reasonable outcome financial information is required. This is necessary to define all of the assets that form part of the matrimonial pot and fall to be divided to include:
- business interests
- Pension provision
On occasions independent expert evidence is required. This commonly relates to the value family home or other properties, business valuations and pensions. In certain circumstances tax advice is also required.
Once the make-up of the matrimonial pot is defined, the parties can start to negotiate a financial settlement.
What decision will the court make?
The factors that the court take into account when considering what constitutes a fair and reasonable settlement are as follows:
- the welfare of any minor children
- income, earning capacity, assets and financial resources
- financial needs, obligations and responsibilities
- standard of living
- age of each party and the length of the marriage
- health of each party
- contributions (financial and non-financial)
- loss of certain rights
Contact Lindsay Jones Specialist Family Solicitor Cheshire, Manchester, Altrincham, Lymm, Knutsford & Wilmslow
For expert family law advice on financial arrangements during divorce please contact email@example.com or telephone 0161 710 2030 or 07917711887 out of working hours