Dividing assets after divorce
The law in England and Wales does not mean that there is a fifty-fifty split regarding property and assets, but each side must realise that there is only so much money in the pot to go round.
Obviously, the court would consider following information of both sides to make decisions.
v The welfare of a child of the family
v The income, earning capacity, property and resources of each person
v The financial needs, obligations and responsibilities of each person
v The standard of living enjoyed by the family before the breakdown of the marriage.
v The contribution made by each person to the welfare of the family, including looking after the home and bringing up children.
The court may also decide whether a clean break is appropriate. Therefore, the splitting results will largely depends on the statement that each person submits. If you appoint V&T as your legal representation, we will secure the largest portion of assets that you can get.