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Lists of assets help divorcing couples
17/12/2007
Solicitors in Belfast and Northern Ireland find it much easier to sort out assets splits where full a list of what is shared has been made, but now experts say it helps divorcing couples too.
While solicitors in Northern Ireland and Belfast will always ask for a list of combined assets, advisers Lowland Financial have said compiling a list could also help couples undergoing divorce to stay on good terms.
Graeme Mitchell, managing director of Lowland Financial, said that when going through a divorce, couples should "make a list of all the assets they've got; they've got to start with what's actually already in place in terms of assets, and what has been accrued or accumulated since they've got together…which effectively has to be shared".
He said that the way that solicitors split assets can depend on the behaviour of the couple concerned.
"An awful lot depends on how they react - often what you find is when people first part, they say: 'We're going to try to deal with this amicably'. Then as time goes on they get more and more bitter and twisted," Mr Mitchell said.
"In law, theoretically money is split 50/50; and if there's children, whoever's earning should be contributing towards their upkeep… But an awful lot depends on who you're dealing with. Some people just want to do the right thing regardless; others want to spend as little as possible and walk away."
He said that solicitors could help more cooperative couples in Northern Ireland to arrange assets splits that suit both couples, but for those who just can not agree, solicitors may have to split everything right down the middle.
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While solicitors in Northern Ireland and Belfast will always ask for a list of combined assets, advisers Lowland Financial have said compiling a list could also help couples undergoing divorce to stay on good terms.
Graeme Mitchell, managing director of Lowland Financial, said that when going through a divorce, couples should "make a list of all the assets they've got; they've got to start with what's actually already in place in terms of assets, and what has been accrued or accumulated since they've got together…which effectively has to be shared".
He said that the way that solicitors split assets can depend on the behaviour of the couple concerned.
"An awful lot depends on how they react - often what you find is when people first part, they say: 'We're going to try to deal with this amicably'. Then as time goes on they get more and more bitter and twisted," Mr Mitchell said.
"In law, theoretically money is split 50/50; and if there's children, whoever's earning should be contributing towards their upkeep… But an awful lot depends on who you're dealing with. Some people just want to do the right thing regardless; others want to spend as little as possible and walk away."
He said that solicitors could help more cooperative couples in Northern Ireland to arrange assets splits that suit both couples, but for those who just can not agree, solicitors may have to split everything right down the middle.
Contact us for legal advice
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