50:50 division of Matrimonial property

FAMILY LAW ACT 1975

• General rule:
• Assets should be devided equally unless there is good reason for the contrary
• ➡️ Aim to reach a clean break settlement

GENERAL PRINCIPLES

• Analysis of assets and debts' worth
• Direct financial contribution by each party
• Indirect financial contributions
• Non-financial contributons
• Future requirements

Issue?

Maintaining the standard of living enjoyed by family before the end of marriage

Basis for rip off of income earner

50:50 DiVISION: FAIR?

• Decision rule - subjective to case
• Courts award property share for questionsble reasons
• Custodial parent- large compensations for long term
• Potential successful career miss out?
• Division of property owned prior and post marriage + matrimonial property

RICH DIVORCEES LIST

• UK - 2 out of 100 women on rich list successful on their own
• The rest: inharitance or divorce settlements

50:50 DIVISION: FAIR?

• Prospective career given up for family/ child bearing
• Post divorce, start career from 0
• It is equal and goes both ways
• Possibility of prenups to avoid screw ups?
• Child bearing/custody value

WHAT IS YOUR VIEW ON THE MATTER?

THANK YOU