The Cost Of Living Crisis And Divorce
How does the rising cost of living affect divorce?
Cases can be harder to settle, meaning its even more vital to access good quality, affordable, legal advice at an early stage.
It’s been impossible to escape headlines about the cost of living in recent times, and it’s certainly something to think about when it comes to finances on divorce. For example, a maintenance award designed to meet the recipients’ needs can quickly be eroded by inflation, particularly if it’s a long-term award.
And rising mortgage costs will have made settlement negotiations much harder for many. In short, rising living costs places a spotlight on both parties’ ‘needs’.
In the great majority of cases, the court is trying to stretch what there is to meet both parties’ future needs. So unbudgeted-for cost increases are unwelcome for everyone, putting more pressure on family budgets at an already expensive time. There is no magic wand, but there are some do’s and don’ts….
And you can read all about how the court’s deal with needs in our online course, What Are “Needs” And Why Are They Relevant?
If you have more questions about this topic or any other legal issues arising on divorce or separation, please do get in touch as we are always happy to help. You can call us on 0203 488 4475 or email contact@thedivorcesurgery.co.
-
Related Reading
Author Name: Editor
Published content by The Divorce Surgery Editorial Team.
Related Posts
