Commencing a divorce or dissolution process does not resolve the financial consequences of your separation. These need to be dealt with separately. Financial security is a common concern for clients following the end of a relationship, but the immediate financial needs often require as much attention as future arrangements.
Each couple’s circumstances are unique, and the financial settlement will typically require a thorough examination of the overall financial position. Both parties will need to provide full details of their income, assets, and liabilities.
If you are looking to split your finances during your divorce or dissolution, please contact us on 0203 924 8462 or fill in contact form. Our experienced solicitors provide clear and practical advice on financial matters.
We can assist wherever you are based.
Our experience allows us to assess your unique financial situation and provide advice on whether any proposals or agreements are likely to be seen as fair by the court. Factors such the needs of minor children, the length of the marriage, and your long-term financial needs will all be considered.
We aim to resolve matters without the need for court intervention, but when contested proceedings are necessary, we are here to guide and support you through the process.
We assist in cases involving:
Whether you need advice on informal talks, to formalise an agreement with a Financial Remedy Order, or find it difficult to discuss finances with your spouse or partner due to mistrust or lack of clarity, we’re here to help you through the process.
If urgent financial support is needed or if the case becomes contested, we will work closely with you to secure the best outcome.
If you are separating from a partner you are not married to (particularly if you own a property together or other significant assets are involved), it is wise to consider a formal separation agreement. We can discuss the requirements that need to met in entering into separation agreements. Also, in the circumstances where there is a decision of a couple, married or unmarried, to separate for a period of time or with the intention to divorce in the future. This document can set out immediate financial arrangements, as well as long-term provisions. A separation agreement is particularly useful in providing clarity and reducing the potential for future disputes.
At the appropriate time, the agreement will need to be endorsed by the court, by a way of a financial order once divorce/dissolution proceedings have commenced and finances are being concluded. It is crucial that the agreement is carefully drafted to reflect your intentions and ensure that it remains binding and enforceable in the future.
We offer this service on an agreed fixed fee, depending on the circumstances of your case which can be discussed at the outset of your matter.
A financial order is a document that determines what happens to your assets. It can be reached by consent through negotiation or Non Court Dispute Resolution which ends in an agreed order, or it can be imposed by the court following contested proceedings if necessary and a Judge will make the decision on how your assets will be dealt with. The financial order addresses income (spousal and child maintenance) and capital (property, pensions, debts, and savings).
The importance of obtaining a financial order if you are going through a divorce/dissolution cannot be underestimated. It regulates ongoing financial responsibilities, such as spousal or child maintenance, payments for insurances such as life or health, payments towards the mortgage, and/or other property outgoings. It deals with capital assets such as property and pensions. It brings an end to claims that could arise in the future, both during life and after death. Obtaining a decree of divorce or dissolution does not end financial claims arising from the marriage or civil partnership. Any consent order must be approved by the court before it becomes legally binding.
It is essential, and a legal obligation, that both parties provide full disclosure of their assets and liabilities, both within and outside of England and Wales, to allow a complete understanding of the financial landscape. We can help you gather the relevant paperwork to complete your financial statement (Form E) and to review your spouse’s Form E and disclosure and discuss with you and act on any concerns that the disclosure provided is not full frank and clear.
If you need assistance navigating the financial aspects of your divorce or dissolution, we are here to provide expert guidance and support. Whether you need help negotiating financial settlements or require advice on specific financial issues, we can offer the assistance you need.
Speak to one of our experienced solicitors today for tailored advice on financial matters.
