The Family Home
For many couples, the family home is their most valuable asset.
Questions can arise about whether the property should be:
- Sold
- Transferred to one spouse
- Retained temporarily
- Dealt with at a later date
Mortgage liabilities, housing requirements, children’s needs and the wider financial circumstances of both parties can all be relevant.
We can help you understand how the family home fits into the overall financial settlement.
Savings and Investments
Savings, shares, investments and other financial assets may need to be considered when reaching a settlement.
Our solicitors can help identify the relevant assets and advise on proposals for dividing them.
Pensions
Pensions can represent a substantial part of a couple’s combined wealth, particularly following a long marriage.
Depending on the circumstances, pension arrangements can form part of the overall financial settlement.
We can advise on how pensions should be considered alongside other assets such as property and savings.
Business Assets
A divorce involving a business can require careful consideration.
Issues may arise where:
- One spouse owns a company
- Both spouses work in the business
- Shares are held by either party
- Business income supports the family
- The company has significant value
Our family divorce solicitors can help you understand how business interests may affect financial negotiations.
Spousal Maintenance
In some circumstances, financial support from one former spouse to the other may need to be considered.
Whether maintenance is appropriate will depend on factors specific to the parties and their financial circumstances.
Consent Orders
Reaching a financial agreement between yourselves does not necessarily make that agreement legally binding.
A consent order can be used to ask the court to approve an agreed financial settlement. The court cannot approve a financial consent order before the conditional order has been made.
Speak to Our Manchester Financial Settlement Solicitors