Submitted by James Pashley on Sunday 26th April 2020
Published on Friday 10th July 2020
Current status: Closed
Closed: Sunday 10th January 2021
Require courts to calculate divorce settlements using a formula
It is estimated that 42% of marriages in the UK will end in divorce. The UK should follow the examples set by other countries and create a formula based on the “spoils of the marriage” so that divorce settlements can be simplified, reducing undue stress, legal costs and valuable court time.
Following the models of countries already using formulas, property/assets/financial instruments acquired or set up before the marriage are excluded. Inheritance should also be excluded. The divorce settlement should look at gains or losses during the marriage i.e. from the date of the marriage up to the date of separation or filing of the divorce. Large assets acquired during the marriage should be sold to minimise disputes. Assets/financial instruments should be declared before the marriage.
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184.108.40.206 Fri, 15 Jan 2021 17:57:11 +0000