{"id":1281,"date":"2017-06-22T11:07:56","date_gmt":"2017-06-22T10:07:56","guid":{"rendered":"http:\/\/www.tayloremmet.co.uk\/blogs\/?p=1281"},"modified":"2017-06-22T11:07:56","modified_gmt":"2017-06-22T10:07:56","slug":"splitting-assets-short-marriage","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/splitting-assets-short-marriage\/","title":{"rendered":"Splitting Assets After a Short Marriage"},"content":{"rendered":"<p><a href=\"https:\/\/www.tayloremmet.co.uk\/blogs\/wp-content\/uploads\/2017\/06\/coins2-resize.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft wp-image-1287\" src=\"https:\/\/www.tayloremmet.co.uk\/blogs\/wp-content\/uploads\/2017\/06\/coins2-resize-300x205.jpg\" alt=\"Splitting Assets \" width=\"333\" height=\"230\" \/><\/a>A Court of Appeal judgement on 13<sup>th<\/sup> June 2017 in the case of Julie and Robin Sharp has muddied the waters for couples splitting assets after divorcing from a short marriage.<\/p>\n<p>In a High Court decision in November 2015 Mr Sharp was awarded half the assets after a 4 year marriage, without children in which both parties had worked in well paid employment. Mrs Sharp appealed as she thought it unfair that her estranged husband should be entitled to a half share when she was the one who had accrued the wealth, mostly through bonus payments as City trader.<\/p>\n<p>The case of <em>Sharp is <\/em>an unusual decision as it is a departure from the \u2018yardstick of equality\u2019 which has been in place since the land mark case of <em>White v White <\/em>in 2000. The basic notion is that on divorce the assets are divided equally, unless there is a good reason to depart from equality. One reason to depart from equality may arise, for example, in a case in which children need to be housed and there is not enough capital for both parties to be in a position to purchase a property.<\/p>\n<p>The case law also refers to the concept of \u2018fairness\u2019 which was the reason given by the appeal court judges for overturning the High Court decision to give Mr Sharp half the assets. Mrs Sharp was successful in her arguments that it was fair to \u2018depart from equality\u2019 as this was short, childless, dual-career marriage and the parties had kept their finances separate. The Court of Appeal reduced Mr Sharp\u2019s award from \u00a32.725 to \u00a32million.<\/p>\n<p><span style=\"color: #003a7a;\"><strong>So what could this mean for your divorce?<\/strong><\/span><\/p>\n<p>This judgement means it has become more difficult to advise clients of the likely outcome of financial remedy proceedings. Mr Sharp may decide to appeal the case to the Supreme Court which could restore the original decision of the High Court.<\/p>\n<div id=\"attachment_119\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.tayloremmet.co.uk\/blogs\/wp-content\/uploads\/2014\/04\/blue_lucyr_panel.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-119\" class=\"wp-image-119 size-full\" src=\"https:\/\/www.tayloremmet.co.uk\/blogs\/wp-content\/uploads\/2014\/04\/blue_lucyr_panel.jpg\" alt=\"Lucy Rodgers \" width=\"140\" height=\"123\" \/><\/a><p id=\"caption-attachment-119\" class=\"wp-caption-text\">Lucy Rodgers<\/p><\/div>\n<p>There are some who are now arguing that pre-nuptial agreements should become more attractive as they provide certainty, especially in short marriage cases, as to what should happen on divorce.<\/p>\n<p>For more information, please <a href=\"https:\/\/www.tayloremmet.co.uk\/index.php\/contact-us\/call-back\"><span style=\"color: #003a7a;\"><strong>call <span style=\"color: #003a7a;\">0<\/span>114 218 4000<\/strong><\/span><\/a>, email <a href=\"mailto:info@tayloremmet.co.uk\"><strong><span style=\"color: #003a7a;\">info@tayloremmet.co.uk<\/span><\/strong><\/a> or <a href=\"https:\/\/www.tayloremmet.co.uk\/index.php\/personal\/family-matrimonial\"><strong><span style=\"color: #003a7a;\">complete this form<\/span><\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Court of Appeal judgement on 13th June 2017 in the case of Julie and Robin Sharp has muddied the waters for couples splitting assets after divorcing from a short marriage. In a High Court decision in November 2015 Mr Sharp was awarded half the assets after a 4 year [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,341],"tags":[414,660,846,110,1307],"class_list":["post-1281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-divorce","category-familylaw","tag-assets","tag-divorce-2","tag-high-court","tag-settlement","tag-sharp-vs-sharp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Splitting Assets After a Short Marriage - Family Law<\/title>\n<meta name=\"description\" content=\"A Court of Appeal judgement in June 2017 (Julie and Robin Sharp) has muddied the waters for couples splitting assets when divorcing after a short marriage.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tayloremmet.co.uk\/blogs\/splitting-assets-short-marriage\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Splitting Assets After a Short Marriage - 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