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50/50 SPLIT?

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5 years 9 months ago #454548 by julie321
50/50 SPLIT? was created by julie321
My friend has been with her partner for 23 years,they have two adult children, no dependant children.
The question is they have several properties jointly owned which she assumes will be a 50/50 split, however he owns a business which she is not named on, would she be entitled to a share in this?

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5 years 9 months ago #454552 by Fiona
Replied by Fiona on topic Re:50/50 SPLIT?
In England & Wales the value of any asset including businesses, pensions , investments and savings held in joint or sole names forms the matrimonial pot. However assets aren''t shared mathematically. Equality in divorce settlements means living both parties living a similar lifestyle to start independent lives and assets can be shared in different proportions to achieve that. Every cases depends on the overall facts in the particular case.

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5 years 9 months ago #454553 by julie321
Replied by julie321 on topic Re:50/50 SPLIT?
Thanks Fiona
Sorry I forgot to say they have never been married, does this make a difference?

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5 years 9 months ago #454555 by Fiona
Replied by Fiona on topic Re:50/50 SPLIT?
Yes. If they aren''t married each party keeps their own assets and any joint property would normally be shared 50:50

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