Spotlight
Court of Protection Practice 2024
'Court of Protection Practice goes from strength to strength, having...
Jackson's Matrimonial Finance Tenth Edition
Jackson's Matrimonial Finance is an authoritative specialist text...
Spotlight
Latest articlesrss feeds
Obligations and responsibilities – the mosquito in the bedroom
Stephen Wildblood KC, 3PB BarristersLuke Nelson, 3PB BarristersWhatever happened to ‘obligations and responsibilities’ in s 25(2) MCA 1973?  Why is it that all of the other words in...
A rare order for a child in utero
Mary Welstead, CAP Fellow Harvard Law School; Visiting Professor in Family law University of BuckinghamIn 2023, Kettering NHS Trust applied for an anticipatory declaration for a child...
Stranded spouses: an overview
Mani Singh Basi, Barrister, 4PB, author of A Practical Guide to Stranded Spouses in Family Law ProceedingsThis article provides an overview of the issues that often arise in cases...
Now is the time to reassess presumption f parental involvement in cases involving domestic abuse
Lea Levine, Paralegal at Stewarts and former independent domestic violence advisorIn this article, paralegal and former independent domestic violence advisor (“IDVA”) Lea Levine...
Hadkinson orders – applicability in financial remedy proceedings
Hassan Sarwar, Cornwall Street BarristersHassan Sarwar considers the development and usage of Hadkinson Orders in financial remedy proceedings.  The article provides a helpful overview of a...
View all articles
Authors

Law Commission announces review of financial provision arising on divorce

Sep 29, 2018, 19:25 PM
Title : Law Commission announces review of financial provision arising on divorce
Slug : LawCommissionReview06022012-632
Meta Keywords :
Canonical URL :
Trending Article : No
Prioritise In Trending Articles : No
Check Copyright Text : No
Date : Feb 6, 2012, 04:55 AM
Article ID : 97807

The Law Commission has extended its review on marital property agreements to cover issues of financial provision arising on divorce or the dissolution of a civil partnership. It will publish a supplementary consultation paper in autumn 2012.

The Commission will examine the extent to which one party should be required to meet the other's needs after the relationship has ended. It will also consider how what is known as "non-matrimonial property" (acquired by either party prior to the marriage or civil partnership, or received by gift or inheritance) should be treated on divorce or dissolution.

 The Commission will not, however, be conducting a full-scale review of the law of financial orders. Rather, the aim is to bring clarity and predictability to two areas of that law that cause particular difficulties.

 The scope and timetable of the Law Commission's ongoing project on Marital Property Agreements will be extended to accommodate this additional work. A supplementary consultation paper dealing with these issues will be published later this year and a final report during 2013. Professor Elizabeth Cooke, the Law Commissioner with responsibility for family law, said:

"We are delighted that the Ministry of Justice has asked us to undertake this very important review. When two people bring their marriage or civil partnership to an end it is vital that the law assists them to resolve their financial arrangements as quickly and fairly as possible. The current law creates too much potential for uncertainty and for inconsistent outcomes. In particular, the extent to which one party should be required to meet the other's financial needs is far from clear. Likewise, there is uncertainty over the treatment of property brought into the relationship or inherited by one of the parties.

"This work will complement our current project on marital property agreements, in which we are considering whether a couple should be able to make a legally binding agreement before or during their marriage or civil partnership about the financial arrangements they will make if the relationship fails.

"The project will raise technical legal questions that the Law Commission is well-placed to address. But any reform of the law must also be informed by wide-scale consultation with the legal profession and those in the wider public who are affected by the deficiencies in the current system. We therefore aim to publish a detailed consultation paper later this year and a final Report during 2013."

Categories :
  • News
Tags :
Authors
Provider :
Product Bucket :
Recommend These Products
Load more comments
Comment by from