Assumptions! #2

Couple come to financial agreement thinking judge will just accept it

There is a misguided way of thinking generally in couples going through a divorce that all their financial assets will be split right down the middle 50/50, no questions asked.  There is a small minority that this might apply to but for the majority this is not so simple.  50/50 IS the starting point in a financial settlement but there is so much to assess on both sides before a final figure is agreed upon.  For example if there is children involved, how old are the children? Who will they live with?  How long have the couple been married and how long were they together before they married?  Is the matrimonial home jointly owned or is there only one on the title as the house was an inheritance.  Do one or both have a pension?  All these things need to be put in the equation and assessed and the balance of 50/50 suddenly becomes 60/40.

If you are going to get divorced then make sure you have planned it right for everyone to come out with a fair settlement that is best for all concerned.

We are here to listen and we don’t charge so why not call today and put one step in place

Assumptions! #2 was last modified: November 14th, 2018 by Carol Sullivan
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