Divorce settlements would be worked out according to a mathematical formula which would divide up a couple’s assets depending on income and how long they have been married, a major review has suggested.
Couples could calculate how much money they would receive in a settlement under the proposals by the Law Commission to clarify the “uncertain and inconsistent” law.
This would encourage couples to work out settlements between themselves rather than going through the time-consuming and costly process of going to court.
In a further attempt to lower costs and keep cases out of the courts, new guidance could be provided online so that couples can work out their assets and their needs.
Another change being considered by the Law Commission, which recommends legal changes to Government, is that family homes should be left out of divorce settlements if they were inherited or acquired before marriage.
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