Financial solicitors for family law

You may have heard the 70/30 rule mentioned when discussing divorce. This refers to a common division of assets in divorce, where one partner (typically the one earning the most money) is entitled to 30% of the financial assets in a marriage, and the other gets 70%. This is not a law or hard rule. Some couples elect for 60/40, an even split and everything in between. Every divorce is different, and Stowe will work with you to get the best outcome for your needs.

A freezing order, also known as a freezing injunction, is placed on defendants so they cannot lower the value of their assets or move them in order to make them impossible to find. This is covered by Section 37 of the Senior Courts Act 1981, which allows the High court to grant an interim freezing order where it is “right and just”. If the defendant has committed fraud or a clear and effective case can be made to indicate they may try to withhold or “dissipate” their assets, a freezing order can be imposed. 

In the UK courts, there is no set formula for calculating spousal maintenance. During the divorce hearings, the court will consider a myriad of factors. From financial assets, to living expenses such as housing costs and any other financial obligations a spouse may need to fulfil. If you’d like to understand more about how much the divorce process could cost you, take a look out our divorce calculator.