Chattels include any personal possessions that are not classed as matrimonial assets, financial assets, or real estate. If you are wondering what is considered personal property in a divorce in the UK, this is legally referred to as chattels. This is unless the matrimonial assets do not add up to a sufficient provision for either party or the non-matrimonial assets were brought into and used during the marriage. Typically, non-matrimonial assets will be excluded in a divorce settlement. Also included is:Īnything that you or your partner owned before marriage (or after if it were purchased using non-matrimonial funds) is considered non-matrimonial. Generally, the two largest matrimonial assets are the family home and either party’s pension. ![]() Matrimonial assets are assets that were acquired by either party while married or with income earned while married. Normally it is the matrimonial assets that are up for debate in divorce settlements. What you are entitled to in your divorce settlement is dependent on your individual circumstances. What am I Entitled to in a Divorce Settlement in the UK? ![]() Not least because you will be going through a stressful and turbulent time in your life, but finances and property acquisition can be tricky subjects even at the best of times.Īs well, you may have heard some myths surrounding divorce settlements that may not necessarily be true which can complicate your position when attempting to negotiate a settlement.Įxpert divorce solicitors like ours at Brown Turner Ross can help you protect your assets and ensure that your divorce is as uncomplicated and fair as possible. Especially if there are children involved that you have to care for too. When a relationship breaks down and divorce becomes the only option moving forward, it can be hard to sit down and fully consider every issue related to your joint finances and assets yourself.
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