What is the exact amount to comprise for a legal divorce? Is it accurately 50/50 division of assets in both parties?
Hi sadipeterson, thanks for your message. The law does not have a defined formula for dividing assets. To make fair agreements between you, you must think about what the courts in England & Wales take into consideration: income, earning capacity and property as well as financial needs, obligations and responsibilities. The starting pointing is a 50/50 split. But if one of you has a greater need, for example because you are housing the children or earn a lot less, then the split may differ. Does that answer your question? If not, feel free to a book a call with one of our coaches here.
If you are happy for amicable to contact you in the future for marketing purposes, as well as for help and advice on divorce and separation then please tick the boxes below to tell us all the ways you would prefer to hear from us. You can read about how amicable may use your data here, and withdraw your consent at any time.
Receive advice, tools and tips into your inbox every month.