This divorce calculator is designed to give couples contemplating divorce an insight into the potential financial settlement, taking into account factors such as assets, equity, pensions, and investments, as assessed by family solicitors and divorce lawyers based on UK family and divorce law in England and Wales.
How much am I entitled to in a divorce?
Determining your entitlement in a divorce depends on several factors:
All assets acquired during the marriage are typically considered matrimonial property and subject to division (with exceptions such as inheritances).
Both financial (income, investments) and non-financial contributions (childcare, homemaking) are considered.
The court assesses the needs of both parties, including housing and living expenses.
Longer marriages are likely to involve more matrimonial assets to be shared, while shorter marriages might see a different approach.
The needs and welfare of any children involved are prioritized.
The health, age, and earning capacity of each party can influence the settlement.
Any debts incurred during the marriage will also be considered.
How to calculate divorce settlement?
Calculating a divorce settlement involves several key steps:
List all assets, including properties, savings, investments, and pensions.
Document both parties’ income and expenses.
Obtain accurate valuations for properties, investments, and pensions.
List all debts and liabilities, such as mortgages and loans.
Assess housing and living expenses for both parties and any children involved.
English law often aims for a fair distribution, assessing needs and contributions to ensure equity.
Engage with family solicitors or divorce lawyers for tailored advice.
Consider alternative dispute resolution with your lawyers for an amicable settlement.
