Monday, March 24, 2014
From Family Law Week:
The Law Commission for England and Wales has just published its report on Matrimonial Property, Needs and Agreements. The project has seen, first, the publication of a Consulation Paper in 2011, dealing with marital property agreements, and, in 2012, following the extension of the project, a Supplementary Consulation Paper focusing on the additional areas of financial needs and non-matrimonial property.
Our key recommendations in the Report are for:
1. guidance to be produced by the Family Justice Council on the law regarding how financial needs should be met on divorce and dissolution; and
2. the introduction of binding nuptial agreements, to be known as qualifying nuptial agreements.
This article sets out the context of our recommendations before turning to a discussion of our key policy points, concluding by examining the benefits of our proposed reforms.
Read more, and read the report, here.