Financial settlement in divorce
In divorce you will deal with the marital assets. Most divorces involve:
• a marital home which is either jointly owned or owned in the name of one of the couple
• pensions that have accrued during the marriage
• maintenance issues between the couple and for any children
• any savings or debts.
Family run businesses can be an issue as can the tax implications of splitting assets. Our Solicitors have experience and knowledge to advise on all kinds of cases, from the modest to the high net worth. All of our Solicitors are Members of the Resolution Organisation and we endeavour to resolve matters without unnecessary increase of conflict and in a way that ensures that a fair and reasonable outcome is achieved.
Financial settlements are most commonly dealt with by agreement and we regularly assist in negotiating terms of financial consent orders that take into account various factors, including
• the length of the marriage
• value of the assets accumulated
• the housing needs of the parties and any children
• the income-earning capacity of the parties
• any contributions made.
Sometimes it is not possible to negotiate a financial settlement because, for example, the other person will not disclose the value of assets that they hold, or that they want an unrealistic share of the assets. In such cases, applications can be made to the Court and one of our Solicitors will be able to advise you on the Court process, the timescale and the approximate cost. Our divorce solicitors have good local connections with reputable experts who can advise on property valuations, tax advice and valuations of private businesses.
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