Working out finances after a divorce or separation is rarely simple, and what feels fair to one person can look very different to the other.
Property, savings and business interests all need to be looked at before you can be confident about what a fair settlement looks like.
Our divorce financial settlement solicitors have a strong working knowledge of matrimonial finance, and we will fight your corner at every stage of reaching a settlement, whether that is agreed directly between you and your former partner or decided by the court. We are on your side from day one, and we work to protect your financial position from the outset, whatever your case involves.
Reaching a settlement
Most financial matters are resolved by agreement rather than through a full court hearing, and our first approach is always negotiation. We take the time to understand your income, assets and financial needs, including anything less obvious like business interests or investments, so that any divorce settlement properly reflects your circumstances. Where there is a risk that assets could be moved, sold or hidden before a settlement is reached, we can advise on injunctions and emergency orders to freeze assets, so your position is protected while the wider case continues.
The family home
What happens to the family home is often one of the biggest questions in a financial settlement. It is common for the parent caring for the children to remain in the home, though this is not automatic and depends on the wider financial picture, including what other assets are available. We look at your full circumstances before advising on what outcome is realistic, and negotiate on your behalf to reach the best result available to you.
Children’s needs
Discussions about money can become difficult, particularly where a settlement also needs to provide for children. We work to keep their needs, both now and in the future, at the centre of any financial discussion, helping both parents reach a solution that works for the whole family. Where agreement cannot be reached directly, we can help through mediation or, if needed, through the court.
Pensions
Dividing a pension fairly can be one of the more complicated parts of a financial settlement, particularly where it has built up over many years of a marriage. We work closely with independent financial advisers and pension actuaries so you receive specialist advice on how it should be valued and shared as part of your overall settlement, rather than treated as an afterthought.
Talk to us about your financial situation
If you need advice on financial provision after a divorce or separation, we can help you understand your options and fight for what you are entitled to. If children are part of the picture, our family law team can pick that up alongside the financial side. Call us on 01494 685588 or use our contact form to arrange an initial conversation.