bporeilly  
Gavel

B.P. O'Reilly

Legal Services For Individuals

Legal Services For Business


Asset split on separation

During separation what is the most likely division of assets? Joint mortgage plus joint savings account, plus very young children, plus wife. Had been higher earner throughout the last few years plus living in house with children. Is it always 50/50 split?

There is no automatic rule of a 50/50 split because ultimately it depends on the welfare of the children and who had custody.  The court will always balance up the needs of the children first and after that the parents, and financial adjustments are made around this.

 

In legal theory a joint savings account splits 50/50 but if the needs of the children warrant the parent with custody to have more than this for the benefit of the children then the court will order accordingly. 

 

Every case is determined on its own set of facts and you should always rely on your solicitor who will do the math on it and advise as to the particular circumstances of your own case.

The issues raised in the answer to this NewsTalk listener's question are dealt with in a general way as can only be the case on live radio. Before relying on the advice given in this answer, whether you heard the broadcast or are for the first time reading the issues here please do not rely on the broad advice given. For a detailed professional opinion please consult a qualified legal advisor and for further details read our disclaimer on the Home Page.

Newstalk latest


B.P.O’REILLY & COMPANY SOLICITORS & NOTARIES ARE LAWYERS BASED IN DUBLIN IRELAND SPECIALISING IN LEGAL AND NOTARY SERVICES FOR BUSINESSES AND INDIVIDUALS WHO NEED ADVICE AND REPRESENTATION IN LOCAL, NATIONAL AND INTERNATIONAL CASES.

HEAD OFFICE: B.P O'Reilly & Co. Solicitors, Coric House, Main St, Tallaght, Dublin 24, Republic of Ireland.

Telephone: (01) 4525211      Fax: (01) 4525436

[International (+353-1) 4525211 Fax: (+353-1) 4525436]         

 E-mail: general@bporco.ie

© B.P.O'Reilly & Company Solicitors 2002-2008.

The information contained in this website is of a general nature and should not be relied on in every circumstance
involving what is written and/or said involving the services of B.P.O'Reilly & Company. Consequently, no responsibility will be taken by the site promoters as to the accuracy of its contents. If you have a specific query please contact B.P.O'Reilly & Company.