The Family Home
For many couples, the family home is their largest financial asset.
Questions may arise about whether the property should be:
- Sold
- Transferred to one spouse
- Retained for a period
- Refinanced
- Dealt with alongside other assets
Housing requirements, mortgage affordability, children’s needs and the wider financial circumstances of both parties may all need to be considered.
Our solicitors can advise on the family home as part of your overall financial settlement.
Savings and Investments
Savings, shares and investments can form an important part of the matrimonial financial position.
Our solicitors can help ensure relevant assets are identified and considered when negotiating a settlement.
Pensions
Pensions should not be overlooked during divorce.
Depending on the circumstances, pension assets can represent a substantial part of the family’s overall wealth.
Our divorce solicitors can advise on how pensions should be considered alongside property, savings and other assets.
Where specialist pension information is necessary, additional professional advice may be required.
Business Assets
Financial settlements can become more complicated where one or both spouses have business interests.
Issues may arise involving:
- Limited companies
- Partnerships
- Company shares
- Family businesses
- Director income
- Business valuations
- Retained profits
- Ownership structures
Understanding the true value and nature of the business interest may be necessary before meaningful settlement negotiations can take place.
Spousal Maintenance
Some divorces involve questions about ongoing financial support between former spouses.
Whether spousal maintenance is appropriate will depend on the circumstances of the individuals involved.
Our family law solicitors can explain how maintenance may be considered as part of the wider financial settlement.
Consent Orders
If you have agreed a financial settlement with your former spouse, it is important to consider whether that agreement should be formalised.
A consent order is a legal document recording the agreement and can cover matters such as property, pensions, savings and investments. Once approved by the court, it makes the agreed arrangements legally binding.
Speak to Our Cardiff Financial Settlement Solicitors