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17 March
The resolution of financial matters in divorce proceedings is incredibly important to all parties involved as this has a bearing on parties ultimately being able to move on and obtain what they are entitled to.
Below are the main questions which you may have immediately post separation before you can even think about issuing divorce proceedings.
Where do I start?
What happens if I or my former spouse moves out of the family home?
Who pays for what? I.e. what happens to payment of bills if I or my former spouse move out of the family home?
Am I liable for their debts?
What does the Court take into account?
- The income, earning capacity, property and other financial resources of each party.
- The financial needs, obligations and responsibilities of each party.
- The standard of living enjoyed by the family before the breakdown of the marriage.
- The age of the parties and duration of the marriage.
- Any physical or mental disability of either of the parties to the marriage.
- The contributions which each of the parties has made or is likely, in the foreseeable future to make.
- The conduct of each of the parties.
It is important to remember that each matter is different and there are various ways in which financial matters overall can be resolved.
If you have any queries then please contact our family department on 0114 220 2186.