Divorce has always been a highly discretionary area of law and in a recent case the presumption of lifetime maintenance for one partner – usually the wife, has changed. Courts are now much keener on terminating dependency by achieving a clean break in respect of all financial claims. However, this is always easier where there is a large pot of matrimonial assets. Most couples still won’t have sufficient capital between them to achieve a clean break. This is particularly true for women in their 50’s who face problems when re-entering the workforce after a divorce. The use of crypto currencies such as Bitcoin can also complicate the calculation of divorce financial settlements and can lead to uncertainty.
For a free initial consultation regarding divorce and financial settlements, please contact David or Sarah at Jordan Williams Law on office@jwlaw.co.ukor 01202 805211.