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:
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.
The factors that the court take into account when considering what constitutes a fair and reasonable settlement are as follows:
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