Finances and Assets on Separation – How best to divide them

by Slater & Gordon Lawyers on October 8, 2013

As a family lawyer, I am often approached by a client whom has reached an agreement with their spouse in relation to the division of capital and pensions. However there are a few minor issues which are not agreed.

These can range from whom retains the antique furniture, the time share or the family pet.

Going through a Divorce is a difficult time and it’s often nearly impossible to remove the emotion and make rational decisions.

Parties can get entrenched in these minor issues and seek guidance from the Court to resolve the settlement.

Recently in B v B (2013), the husband and wife agreed that their assets of £40 million should be divided equally, but they just couldn’t agree on how the cars should be dealt with and what the husband’s yacht was worth. The Court commended the parties for resolving the major issues but was disappointed at the costs incurred over litigating over minor issues which were clearly disproportionate.

The value of disputed assets was only 1% of the net value of the parties combined assets and the court simply applied a rough and ready calculation to value these assets.

The moral of the story is that the court will not be impressed by the parties if they waste Court time and their own money in litigating on minor issues.

It’s important to get pragmatic, sensible advice from your Lawyer and consider a costs/benefit analysis before commencing litigation.

By Family Law Solicitor Lorraine Harvey.

For more information about our Family Law Services please email us at or call us on 0800 916 9055.

Slater & Gordon Lawyers
Slater & Gordon Lawyers are a national law firm in the UK delivering exceptional, affordable legal advice across a broad spectrum of areas including personal injury, employment law and family law.
Slater & Gordon Lawyers

Previous post:

Next post: