The examples of a fair divorce settlement in the UK that we discuss below are completely fictional. However, they are based on our experience of what a fair divorce settlement may look like.
It’s important to remember that every marriage is different and there is no one-size-fits-all formula that can be applied to work out what a fair divorce settlement may look like in your circumstances. This is why it is very important to seek legal advice from an experienced divorce solicitor, such as Austin Kemp, to find out what a fair divorce settlement may look like in your individual circumstances.
Gary and Sandra have been married for six years. They do not have any children. When they got married, they both had careers as accountants and earned similar salaries.
What could a fair divorce settlement look like for Gary and Sandra? As both parties are in similar positions financially at the end of their marriage, as they were at the start (both still work in similar roles with similar incomes), a fair divorce settlement may be a 50:50 split of the marital assets. There would be no spousal maintenance.
This is one of the examples of a fair divorce settlement in the UK which would result in a clean-break divorce, enabling both parties to move on with their lives once the divorce has been finalised.
Mark and Emma decide to get a divorce after a 15-year marriage. They do not have any children.
The length of the marriage, plus their current incomes and earning potentials, mean that a court may decide to deviate from a 50:50 split of marital assets. Emma makes more money than Mark. Her future earning capacity is also more. A fair divorce settlement for Mark and Emma may result in Mark walking away with a larger proportion of the marital assets to make up for this. In this example, there is no spousal maintenance.
Ian and Tina have been married for 17 years and have two children in their early teens.
Tina has stayed at home to look after the children since they were born. Ian has a career in the City and earns a six-figure sum.
One example of a fair divorce settlement could result in Tina getting the family home, spousal maintenance (probably for a set period of time) and a share of Ian’s pension. As the children will stay living with her, she will also get child maintenance.
A fair divorce settlement doesn’t always mean a 50:50 split. No two marriages are the same. There are many fair divorce settlement examples in the UK which aren’t a simple 50:50 division of assets.
As always, we highly recommend that you speak to a specialist divorce solicitor, such as Austin Kemp, so you understand exactly what a fair financial settlement could look like in your circumstances and you are fully prepared when you begin negotiations with your spouse.
Our expert family law solicitors can help you with a range of legal issues relating to fair divorce settlements, including:
For more information call our divorce solicitors on 0845 862 5001 or email firstname.lastname@example.org.
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