Menu
 
01525 378 177
 

Request a Brochure


* required
Send my newsletter by:
 

Request Your Free Life Organiser



* required
Send my newsletter by:
 

Sign Up To Our Quarterly Newsletter



* required
Send my newsletter by:
 

News & Articles

Osborne Morris & Morgan > News and Articles > Family > Dividing marital assets

Dividing marital assets


Posted on 23 Mar 2016, in Family
 

When a family court is called upon to rule on the division of the marital assets, the judge will take various factors into consideration. Residents of Bedfordshire may wish to note that in most cases, the judge will aim to divide all the existing assets between the spouses in such a way so that there will be no financial links remaining between them after the divorce is finalised. The exception to this may be when the judge considers child maintenance payments to be appropriate.

One of the important factors in the judge’s decision will be the length of marriage. If the marriage has lasted for a long time, the judge will be more likely to begin considerations with an equal split of assets in mind. If this division does not meet the financial needs of the parties involved, the judge will consider the welfare of the children first, ensuring that their requirements are met before dividing the residual assets between the estranged spouses.

Some other factors the judge may consider includes the living standard the couple has enjoyed, their expenditures, the age of the parties involved and their abilities to earn an income in the future. Also taken into account are the household roles of the individuals in the relationship, so that the main income earner may be treated differently to the person who has been the primary caregiver of the children.

A vital part of ensuring that the financial settlement in a divorce results in a fair and equitable division of assets is to ensure that both parties have made a full disclosure of their assets. A solicitor experienced in situations that involve the complex valuation and division of business and property assets may be able to offer valuable legal advice to ensure that a client receives the appropriate settlement.

 

How we can help


Since this article has been published we no longer offer Family Law services but we can help you with:

 

01525 378 177

Lines are open Monday to Friday 9.00am to 5.30pm

Contact us online

We aim to respond within 12 hours of receipt of any email received

Accreditations & Awards



SME Luton Beds Business Award_Winner_2019Awards Night 2019In May of this year, we won the title of ‘Leighton Buzzard Business of the Year 2019’ at the SME Luton & Bedfordshire Business Awards.

We were delighted to receive the ‘Leighton Buzzard Business of the Year’ award for our dedication to providing the highest standards of client care whilst building strong links with the local community, supporting local charities and connecting businesses together.

 
Headway Lexcel Law Society Accredited Certainty the National Will Register
Law Society Conveyancing Quality Accredited
Clinical Negligence Accredited - The Law Society
Bedfordshire Businesswomen Finalist 2018
riliance excellence in compliance
Bedfordshire Business Enterprise Awards Winner
Top Ranked Chambers UK 2015
Top Ranked Leading Firm - Chambers UK
apil logo
AVMA logo Cyber Essentials logo