Divorcefinancial.ie, launching at the end of March, is designed to assist estranged couples and lawyers in calculating living expenses to equitably adjust incomes for maintenance orders. Developed in response to solicitors' demands, this tool leverages the Insolvency Service of Ireland (ISI) guidelines on 'reasonable living expenses'. It enhances financial transparency for those contemplating divorce or separation, enabling them to input their incomes and receive assessments based on ISI standards, promoting a higher quality of life beyond mere subsistence.
More and more divorce lawyers are reaching out to PIPs for a report on how income, assets and debts might be split.
The tool makes use of the Insolvency Service of Ireland (ISI) guidelines on 'reasonable living expenses', the only statutory living expenses guidelines in the State.
The website (will be aimed) at people who are investigating getting a divorce or separating - or lawyers acting for them.
The guidelines provide for a minimum standard of living, allowing for expenses such as food, clothing, healthcare, and modest allowances for savings and contingencies.
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