Financial remedy orders are designed to deal with any financial implications faced by divorcing couples. It has been deemed, however, that much of the legislation determining how decisions have been made is out of date and does not meet the requirements of contemporary relationships.
Divorce solicitors in North Wales continue to advise their clients who are undergoing a divorce or separation based on the most up-to-date laws.
At the moment, financial decisions are made based on various factors and could vary from area to area or from judge to judge. Proposed legislative changes suggested in a recent report from the Law Commission would ensure there was consistency across all decision-making processes whilst allowing for a flexible approach to deal with individual cases and circumstances.
Due to the inconsistent nature of divorce settlements, many couples are unaware of what their rights are and how their cases will be handled. This limited understanding can ultimately contribute to more disputes and delayed outcomes. Expected changes include introducing more transparency to cases and ensuring that those involved fully understand each step of the proceedings. Another anticipated change is default property regimes. This could include a 50/50 split of assets, which is common in many other countries. Although this may not be applied in the UK in the same way, a similar model could be introduced. Spousal maintenance and pensions are other areas that will be re-examined.
At Bennett Smith Solicitors, we can provide the most up-to-date guidance on all financial aspects of divorce. Contact us today and book an appointment.
