Reports Couple Plan To Split Finances And Custody Of Children Equally

Specialist family lawyers have described Gwyneth Paltrow and Chris Martin’s reportedly amicable divorce as a welcome high-profile example of a separating couple working together and putting their children first, but warned that such an approach does not work for everyone.

Reports in the Daily Mirror at the weekend suggested the actress and Coldplay frontman were splitting their assets equally and will also share custody of their children Apple and Moses.

It is thought the pair, who famously announced their split last year by confirming they were “consciously uncoupling”, agreed that they would not fall into a dispute regarding either time with their children or financial arrangements.

Martin is expected to spend more time in the US in order to be able to see his children, while Paltrow is expected to remain in the family home in Los Angeles.

News of the reportedly amicable split came after a leading UK judge Baroness Hale of Richmond called for the introduction of no-fault divorce in England and Wales.

Such a move would mean couples would no longer need to cite reasons such as adultery or unreasonable behaviour when looking to formalise a separation, which could help parties avoid disputes when going through a divorce.

Expert Opinion

"The reports on this case hint at a separating couple putting their differences aside in order to reach the best outcome not only for themselves, but also more importantly for their children.

"Divorce is an emotionally difficult and stressful time for everyone involved – including the children – and we would always encourage couples to consider all options when it comes to formalising their separation, with an emphasis on ensuring that they work together.

"Alternative dispute resolution approaches such as mediation and collaborative law can help in this regard, as they allow parties to sit down with trained and qualified professionals who can assist them in making key decisions about finances and access to children in a constructive way.

"For many, divorce often equals costly and time-consuming court battles and while those who have experienced a difficult break-up may be left with little option but to go down that route, there are alternatives for those who are in a position to work together." Zoe Round - Partner & Chartered Legal Executive Advocate