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09/09/2009
Divorce resettlements sought in recession |
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There has been a large number of attempts to alter divorce settlements in recent months due to the changed economic situation, new research has found.
A study by professional advice website unbiased.co.uk revealed that 36 per cent of solicitors have been asked to try to renegotiate terms, with 12 per cent of legal professionals suggesting their clients have a chance of succeeding.
Of the elements solicitors have said people should consider negotiating over, the most commonly mentioned was property, listed in 84 per cent of cases.
This was followed by pensions (68 per cent), investments (64 per cent) and future earnings (48 per cent).
Chief executive of the website David Elms commented: "Many going through a divorce aren't aware that financial settlements may be renegotiated if the value of the items change."
Those wishing to try this may wish to speak to a divorce lawyer before proceeding.
In June, a woman tried to gain an increase in her settlement following a rise in her former husband's wealth when his company was bought out.
Businessman Martin Walkden had agreed a £500,000 settlement with his former spouse before the £1.8 million takeover, but the judge ordered the original verdict to stand.
Written by Anthony Dyson
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