This has been threatened for some time now. With the complexities of family relationships it will be difficult for a formulae to be fixed to deal with potential outcomes. It may assist the average earner but I still believe it is not going to dry up matrimonial work in the future. I think family lawyers will welcome some further guidance on possible settlements as the current legislation – Section 25 Matrimonial Causes Act 1973 is very vague and at best very unhelpful.
Hopefully the introduction of a formulae will give lawyers the opportunity to give much more focused advice than we feel we can at present.
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