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On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Clear Definition of “Financial Needs” Required
The Family Justice Council have been urged by the Ministry of Justice to act on recommendations previously outlined, which aim to clarify the law on financial needs following a divorce.
There has been significant confusion in relation to how one person should be required to meet the other’s financial needs after a relationship has broken down; whilst there have also been considerable regional variations.
However, the Ministry of Justice have suggested that the confusion surrounds the meaning of “needs” and the extent to which one spouse should be required to meet the other’s needs and for how long.
As such, the Ministry of Justice have called on the Family Justice Council to put forward guidance which not only defines and explains the legal definition of “financial needs” but also prevents regional variations in the interpretation.
Whilst calls have been made for guidance to be issued, for those currently going through a divorce who require legal advice in relation to divorce or financial matters, our solicitors in London can assist.
At Royds, our family law solicitors are experienced in guiding clients throughout the whole process by attempting to resolve matters as amicably as possible. We are experienced in assisting in a range of family financial matters, including claims for periodical payments for a spouse or for children, and the sharing of a pension fund.