Monday, 3 December 2012
Will it really be a quickie divorce for former Oil chief?
The press have today reported that Maureen Fulton, the wife of BP chief Tony Hayward has been granted a “quickie” divorce following their 27 year marriage.
The oil spill in the Gulf of Mexico is said to have forced Mr Hayward out of his £4 million a year job as BP’s chief executive. No doubt the division of the parties assets will be subject to future press speculation in particular his pension pot which is believed to be valued at £10.8 million and in which his former wife is likely to be entitled to share as part of the financial settlement.
The suggestion that it is possible to have a “quickie” divorce is misleading In England and Wales married couples who wish to divorce have to show that the marriage has irretrievably broken down by relying upon different grounds which could be behaviour, adultery or a period of separation. The divorce process is the same in each case and there is no such thing as a “quickie” divorce.
When a couple divorce it is also important to try and reach a financial settlement which can often be the most time consuming element to resolve. They may also need to discuss and agree the arrangements for any children. It is always important to seek expert legal advice at the earliest opportunity.
We are a team of specialist family law solicitors in Manchester. For more divorce advice please read our family law blog or follow us on Twitter @Divorce_experts.