How Is The Financial Provision Calculated?
The financial provision is what is considered reasonable in the circumstances. The Court looks at the financial needs and resources, any moral obligation there may be to support, the size and nature of the estate, any physical or mental disability of the dependant and "any other relevant matter".
The Court can make an Order against any asset of the estate and any gift made within 6 years before the death. It may Order maintenance (periodical payments), lump sum payments, a transfer of property, the estate to purchase property or variation of any marriage settlement which was previously reached.