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Stay-at-home spouses not getting fair share in divorce cases
Ten years ago, a legal ruling should have meant that stay at home wives would still get half of the assets in a divorce settlement. Today, half and half is still a long way off, warns Shropshire solicitor.
This is still the case ten years on from the passing of a landmark legal ruling. A decade ago, the principle that divorcing wives could expect to receive half the assets of a marriage was introduced, says Nadia.
“It was generally introduced for wives who gave up their own careers to support their husband, look after the home and children, and who sacrificed their own salary for the sake of the family.
“But despite there being several high-profile multi-million pound payouts for divorcing wives lately, it would appear that the same equality does not always apply when it comes to dividing the assets.
“It’s not an actual rule that each partner should have an equal share of the assets, and courts always have the flexibility to make individual decisions in exceptional circumstances. But it had been generally accepted in most cases that the wife would receive a 50 per cent share.
“Historically it was felt that the breadwinner’
“And before the ruling, financial equality would have been unheard of – a wife would usually have been assessed on her needs and receive maintenance and a home for her and the children, rather than an amount based on her contributions to the marriage.
“So in the ten years since the ruling, there has only been one recognised case where a stay-at-home wife has actually received a true half-share of the assets – its clear there is still some way to go until things really are equal.”
To find out more about Martin Kaye’s family law department, visit http://www.martinkaye.co.uk/