Is There Ever An Equal Financial Share After A Divorce?
Who gets a fairer share in a divorce financially? Is it men or women. Although I’m not an expert in family law myself here are some observations from either the TV or on speaking to divorced couples over the years in the United Kingdom.
Maintenance
According to British government websites directgov, maintenance is defined as payments that are made to the other spouse to potentially maintain their standard of living. This can be enforced by the court of law and can seriously impact the other spouse financially. As a general observation, men are more likely to be the breadwinner and as such are more likely to be worse off financially.
Child Support
One of the main reasons maintenance payments are made is due to children. More often or not if the child is under 16 years old the mother is the one who takes primary responsibility of the child and the father is entitled to access. If this is the case then they must pay child support maintenance until they are 18. If this is the case I would say that women get the better deal for child maintenance.
Property
More often than not property is split between the 2 couples. This may mean one has to move on and gets half the equity in the property while the other gets the burden of the mortgage. Although this is rare the alternative is to sell the property altogether while both parties get an equal share in the property. I would say this is a fifty fifty call on who is better off with property. All down to perspective really and if either can afford a new property to move on with.
Other Assets
Other assets could include investment properties, cars current investments or if you’re really in the money it could be a plane or boat. Generally this is split half and half which means the main breadwinner who earns the money, mainly men are worse off.
In short personally I would say women are traditionally better off financially when it comes to a divorce, however there are companies out there that could help you with your legal case. One such company is Blanchards Law Service who specialise in family law and might be able to help to ensure that their client gets a fairer share of the divorce settlement rather just a fifty fifty.
