Whilst the legal process for obtaining the divorce itself is straightforward, resolving your finances can be the most challenging and stressful part of the divorce process.
Our team of experts has experience dealing with high-profile clients with family wealth or high income.
We aim to quickly ensure the best outcome for you, with minimum stress and cost.
Whether you are concerned with protecting your assets or getting your fair share, we will provide a bespoke service based on your individual requirements and objectives.
Why Get A Financial Settlement?
A financial settlement in divorce is essential to secure your financial future, ensure a fair distribution of assets, and prevent future conflicts.
It provides legal protection, closure, and flexibility in resolving financial matters.
With expert guidance, you can navigate this process effectively and confidently transition into the next phase of your life.
If you own shares in a family company or owner-managed business, you may find our guide to a family business during divorce useful.
Divorce and Financial Settlement Expertise
It is sensible to seek advice at the outset of your divorce so you know the options available and what is involved.
In some cases, it is crucial to take urgent action to protect assets in the UK or elsewhere or to ensure that proceedings are issued in your preferred jurisdiction.
There are many options to explore, with Court proceedings usually being the last option.
Divorce outcomes vary depending on each couple's unique circumstances. Contrary to common perception, there is no automatic 50-50 division of assets or income.
We can advise you at an early stage on the options available to you and the likely settlement achievable through the Court process.
This will enable you to enter into negotiations fully informed.
We can advise you on the following:
- What could happen to the matrimonial home or any other properties;
- How savings and investments can be divided
- Pension valuations and sharing
- Spousal maintenance
- Child Maintenance and the Child Maintenance Service
- International Assets
- Trusts and companies
- Enforcing Financial Orders
- Varying existing Financial Orders
- Divorce and the Family Farm
You may be able to make arrangements with your ex-partner directly, through us negotiating on your behalf or via mediation or the collaborative law process.
Where children are involved, we can also advise on related children law matters.
If an agreement can be reached, we can assist in making the agreement binding and legally enforceable by preparing or advising on a consent order.
How We Can Help With Your Divorce and Financial Settlement
In addition to specialist solicitors, our divorce team includes a dedicated financial accounting and wealth management team.
Led by a qualified chartered accountant with more than 20 years of experience, our financial team can provide immediate advice at the outset of your matter concerning the likely scale and nature of your case and advise your solicitor on where they should concentrate their efforts.
At an early stage, they can review what documents your ex-spouse has provided, identify where vital financial information is missing and help trace hidden assets.
They can assist with the valuation of business interests, comment on tax issues and how assets can be best used or protected during your divorce.
We also work regularly with other professionals, King's counsel, medical professionals, financial advisors, mediators, counsellors and family therapists to support you best.
We offer an initial call with one of our representatives to assess whether we can assist you and to discuss anticipated fees for our services.
Divorce and Finances FAQs
A financial settlement isn't always necessary to finalise your divorce. Sometimes, delaying the division of your assets is advantageous, especially when market conditions are unfavourable, such as when you're selling a property in a weak market. However, arranging a financial settlement post-divorce can be significantly more complex. This complexity becomes evident when there are sudden financial changes for you or your partner during the separation, complicating the process of agreeing on terms.
If you and your spouse aren't prepared for divorce, an alternative route could involve a Separation Agreement. This document addresses financial matters between you and your partner and outlines a clear plan for their division. Both parties endorse this agreement, which establishes the terms of the separation. While a Separation Agreement doesn't prevent future court intervention, it can certainly influence the court's judgment. This influence could potentially expedite the process of reaching a financial agreement in the future.
Your marriage's length can influence the financial settlement in a divorce. Generally, longer marriages tend to involve more intricate financial ties and shared assets, potentially leading to a more complex division. Shorter marriages might see less substantial financial impact. Courts consider contributions made during the marriage, both financial and non-financial when determining the settlement. Additionally, the length of the marriage can affect decisions regarding spousal support and future earning potential. Remember, the marriage length is just one of many factors that courts consider when reaching a settlement. Legal guidance can help you navigate this process effectively.
Yes, your ex-spouse can potentially claim money from you later, depending on the circumstances. They might seek a claim if financial matters weren't appropriately settled during the divorce. Changes in either party's situation, lack of full disclosure, or modifications to child support could also lead to claims. To avoid such cases, it's vital to ensure legally binding agreements and consult family law solicitors for guidance.
If you would like to speak to our expert legal team about this, or any related subject then please contact our team by phone on 0207 936 6329, Email or by completing our Quick Contact Form below.
Please note that we are unable to offer free legal advice. Our client services team are here to take your case details and explain any costs involved