How do the court divide finances following a divorce?

There are numerous ways that assets and finances can be divided between parties following a divorce. The court will consider the factors in section 25 of the Matrimonial Causes Act 1973, these factors will assist the court in what type of order should be made.

The court will consider:

• The income, earning capacity, property and financial resources of both parties
• The financial needs, obligations and responsibilities of both parties
• The standard of living enjoyed by the family during the marriage
• The age of each party
• Any disabilities that a party may have
• The contribution of each party in the foreseeable future to the welfare of the family
• The conduct of the parties

Using these factors, the court will consider what financial order is fair in the circumstances. 

All factors are given equal weight.

At George Green LLP our specialist Family Solicitors are experts in advising clients in respect of financial orders upon divorce. If you would like any further information or advice, call Mark Vandaele on 01902 796930 (mvandaele@georgegreen.co.uk) at our Wolverhampton office or Rachel Baker on 01384 340 580 (rbaker@georgegreen.co.uk at our Cradley Heath office.