It is important to establish the value of the financial assets on separation and then what is matrimonial and what is non-matrimonial assets. During a divorce , people can assume that everything they own will be divided equally between them and their...
Maintenance
A sum of money awarded by the court to be paid by one spouse to another upon divorce. Also known as ‘periodical payments’.
Matrimonial home
The house in which a husband and wife live together as a married couple.
Mediation
A process of resolving disputes between parties with the assistance of an independent third party (mediator). The aim is to assist the parties in finding a mutually acceptable resolution. If mediation is unsuccessful, court proceedings can be initiated.
Mortgage
A loan of money advanced to purchase a property. The mortgage is security for the loan that a lender makes to the borrower.
