What is taken into account when dividing finances on divorce?

When dividing finances upon divorce, a number of common-sense factors are considered. The first consideration will always be the welfare of any children under 18. After that, these factors must be taken into account:

Each person’s income and earning capacity both now and in the future.

Each person’s assets including property, savings and investments.

Each person’s financial needs, obligations, and responsibilities.

The standard of living enjoyed by the family.

Each person’s age.

The length of the relationship.

Whether either party has any physical or psychological disabilities.

Contributions made to the family.

Any conduct by either party that cannot be ignored.

Any benefit which either party would lose such as pensions or inheritances.

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