The law on dividing assets is very complex and varies significantly depending on whether you are married, unmarried or in a civil partnership and whether you have children. Due to the uniqueness of each individual case, there are very few hard and fast rules resulting in the Court having a wide discretion when determining the division of assets.
This high degree of flexibility could be seen as a positive, as it enables the Court to deliver an Order which they deem fair on the particular facts of each individual case. However, it can also create a high level of uncertainty when predicting the outcome. For example, would many predict that such a large sum of £1 million is a reasonable figure to meet an individual's housing need?
A wealthy divorcee who claims she could not live outside Kensington and feels nervous leaving the borough has been awarded an extra £1 million by a High Court judge for a "housing fund". The woman claimed she needed a £10m payout to meet her "reasonable needs", including a five-storey house worth almost £5m. The woman, who cannot be named for legal reasons, told divorce judge Mrs Justice Roberts that she felt "frightened" when she left the exclusive west London borough.