The finances are the most difficult aspect of a separation in the majority of cases. Resources are limited and people and parties generally want to retain as much as they can for themselves. The concepts behind the finance and divorce settlements are largely the same i.e;
- The overriding principle applied is fairness and in most instances the starting point for a division of the financial is on equal basis.
- However that ‘equality’ is generally overridden by taking into account the needs of the children (learn more about divorce and children here) and if the income of the parents is significantly different eg: –