Month: April 2018

Strict Penalties Now Being Imposed For Divorce Settlement Breaches

One 83-year-old man recently found out the hard way that breaching a divorce settlement can result in a jail sentence rather than a financial penalty which has often been applied to such cases in the past.  

The man from Bristol was a multimillionaire who had reached a divorce settlement totalling more the 3 million with his ex-wife. The sum was awarded following a disputed divorce case which had  continued for more than seven years and involved several court appearances in that time to reach settlements on a number of issues. 

The length of the case may well have been an aggravating factor which led to a prison sentence being imposed when it was found that the individual had breached the divorce settlement. Even so, the case should serve as a further warning that judges are prepared to impose more severe sentences following similar outcomes in other divorce cases involving breaches of settlements.  

Sentences imposed recently have totalled six months in prison which can far outweigh any financial gain from attempting to delay and avoid paying settlements.  

If you are concerned about financial settlements in divorce and your rights to fair treatment in a divorce case, contact us today.  

Are Divorce Settlements All About The 50/50 Split?

A common misconception about divorce is that everything is split exactly down the middle from money to assets. In some cases this may be true but often due to the basic needs of the parties involved, final settlements may not be so clear cut.  

The most important thing to keep in mind when it comes to divorce is that need takes precedence when it comes to dividing up assets as well as pensions savings and so on. Many people are disappointed to learn that their pensions must also be included and considered in the divorce settlement.  

So for example, if you want to seek payment of a lump sum from your partner’s pension, then this will be assessed based more on your needs at the time including your state of health, housing needs and financial position.  

Housing and financial stability can both be impacted by divorce and the needs of the dependent partner will always be considered first. So if one or other former partner can prove they will be greatly disadvantaged in these areas then settlements are often challenged.  

If you need advice on your specific circumstances or if you require general information about our divorce services, please contact us today.