FAQ: Are assets and finances split 50/50 during a divorce?
The division of assets in a divorce is entirely dependent on your circumstances – there is no set rule for ‘even’ division of assets in the divorce process. Whether you have been in a long or short marriage, the financial negotiations can become complex, it will depend on what assets have to be divided.
For marriages without a prenup, a 50/50 split is the starting point, but this is not often how it ends. A partner may feel an even split is unfair due to a greater level of investment or contribution on their part. This will lead to them contesting the split, leading to negotiations and, potentially, further disputes.
Much of this can be avoided by having a prenup in place – prenups are often given considerable weight in court. But if you don’t have one and you need to enter into discussions regarding the division of assets – including the home and a pension – then it’s strongly advised to obtain legal support from an experienced divorce solicitor.
Want some clarity on your finances? You can get in touch with us today to book an initial fixed fee consultation for a confidential discussion and we’ll be happy to help. We are located in Harrow, London, with on site car parking and accessible from public transport links. Alternatively, if you are overseas we can arrange a Skype call with you if it is more convenient.