The so called “70/30 rule” is a myth. This is not to say a spouse will never be awarded 70% of the assets, however it is by no means a set rule and every case is determined depending on the circumstances. Following the decision in White v White, the Court’s aim when dividing matrimonial assets upon divorce is to determine what is ‘fair’.. The UK government is set to commission an extensive review of 50-year-old legislation that determines how financial assets are split after divorce in England and Wales. The Matrimonial Causes Act.
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What is a 70/30 divorce settlement? 70/30 refers to one separated party getting 70% and the other getting 30% of the property pool. The “property pool” is all the assets and liabilities of the parties to the relationship. You may have heard about 70/30 divorce or property settlements in Australia – or even been told that it’s a common.. The division of assets in divorce depends on whether you live in a community or common-law property state, the type of asset, and whether a prenuptial agreement exists.. “In general, spouses can usually get away with an agreement for a 60/40 split, and maybe 70/30,” Graham said. “But a greater disparity than that has a higher risk of.
