01 November 2012
Wealthy Women Forced to Pay More in Divorce Settlements
Last year, various press reports featured wealthy women being forced to pay generous divorce settlements to their ex-husbands following the end of the marriage, in contrast to the more traditional model.
A report released this week suggests that far from being the exception, such arrangements will become increasingly common as more couples than ever comprise of "women marrying down."
The report, prepared by Spanish University, Universitat Autonoma de Barcelona, suggests that in 21 countries around the world, more women now marry "down" financially than "up" meaning that on Divorce, they are more likely to be the one forced to pay out.
With changes to Employment Law making it easier and more common for parents to share childcare duties, rather than adhering to the traditional arrangement of the mother taking more time out of a career, it's likely this will increase further in the coming years. Better get planning those all-important Pre-Nuptial Agreements ladies!!
Cara Nutall is a Senior Family & Divorce Solicitor at Slater and Gordon Lawyers in Manchester.
Slater and Gordon Lawyers offer a free initial consultation about family law and/or divorce. Call freephone 0800 916 9055 or contact us online. Our contact centre is open 24 hours 7 days a week.
Slater and Gordon have the largest team of Family Lawyers in the UK and offices in London, Manchester, Liverpool, Birmingham, Sheffield, Milton Keynes, Merseyside, Bristol, Cambridge, Cardiff, Edinburgh, Newcastle, Wakefield, Halifax & meeting rooms in Bramhall, Cheshire.