Much depends on the judge and the facts of the case, but it certainly makes sense to contribute towards your own cost of living if you are the dependent partner.
The court will also take new relationships into account.
Increasingly the view is that ‘non-matrimonial’ assets – i.e.
those not acquired in the course of the marriage – should be ring-fenced once reasonable needs have been met.
When drawing up a financial settlement following divorce, the courts will take a long hard look at each spouse’s future earning capacity and may set this against their needs for financial support – ie maintenance – both before and after retirement.
For example, can you go out to work if you haven’t worked for the last 10 years? Can you work if there are young children to look after?
That is after all what is going to shape your and your children’s lives for however many years to come.
Generally reaching the financial settlement stage comes as a relief to divorcing couples.
This is where the courts set down the terms of the deal between you and your former partner in black and white.If so, what will your position be and how much will you earn? Each case is considered strictly on its own merits.A judge may decide that one person cannot reasonably be expected to work but require a mother with children work, even if only part time.It is often the first point in the drawn-out end of the marriage when the former partners can begin can begin to think about the future, putting the hurt and acrimony behind them.Parameters have been defined and numbers discussed.