Financial Matters
If you are about to go through a divorce or a separation from your partner, wondering how you will manage financially can be one of the most daunting prospects. Our role is to help you find practical solutions to the financial pressure that divorce and separation can bring.
Divorce settlements
Every case is individual, so whether your financial situation involves the division of a complex trust fund, pensions or a family business, or a more modest transfer of tenancies, we offer experience and expertise that will deal with all forms of matrimonial assets and divisions.
Your outcome is our priority, so a fair divide of the matrimonial assets is of the upmost importance. We will guide you through the process and help you understand what the court defines as a ‘fair’ division.
With divorce comes continued financial responsibility. Whether you are the main earner in the marriage or financially dependent on your spouse, we will talk you through each step, exploring the myth that once divorced the financial commitment stops.
In the majority of cases a financial order will be required. Hopefully a settlement can be agreed. This could be a lump sum payment, ownership of a property, a share in pension payments or regular maintenance payments to help with childcare or living expenses. We will explain if this is necessary and what the process involves.
Separation settlements
If you are in a relationship with financial commitments but not married, this can cause concern if you decide to separate. We will talk you through the myth of the ‘common law wife’ or the ‘common law husband’ and explain any entitlements when your relationship comes to an end.
Child maintenance
The worry of how you will financially support your children after a divorce or a separation can be one of the major concerns as a parent. It may be difficult for you and your spouse or partner to reach a decision. We will discuss the process with you and explain how The Child Maintenance Service can offer help and support if necessary.
Written agreements to protect your assets
If you would like to set up a written agreement to protect your individual assets for the future, either post or pre-marriage, we can advise you on how this works and guide you through the process involved.
You may be in a relationship but not married, and would like to have the security of a written agreement that sets out the financial arrangements between you and your partner. We can help you devise a document that will protect your assets in the event of a separation.
What should you do next?
Other services
You may also be interested in getting more information on Divorce and Separation or Civil Partnerships and Marriage. Additionally, a change in circumstances often means you may need to review your will. Please click here to find out more about the Wills service we offer.
