Court Transcript Proceedings For Financial Settlement
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FAQ
In divorce financial settlement proceedings, the court will start from the premise that the husband and wife are each entitled to half the family assets. That presumption can easily be displaced meaning the wife could get very little or a lot more than 50%.
The general principle is that personal assets within the matrimonial pot should be divided equally upon divorce.
In the UK, both parties (regardless of whether they are the husband or wife) are typically entitled to 50 per cent of the matrimonial assets.
However, if you diverge from such a split in a long marriage, the court will want to know why and may decline your consent order if the reasons are not made clear. Because of this, a standard 70/30 asset split or a 60/40 asset split on divorce is a myth.
As part of the Form E process, parties are required to provide 12 months of bank statements for each bank account held in their name.