The Family Home
For many couples, the family home is one of their most valuable assets.
You may have questions such as:
- Will our home need to be sold?
- Can I remain in the property?
- Can ownership be transferred?
- Who will continue paying the mortgage?
- What happens if the property is held in one spouse’s name?
- How will children’s housing needs be considered?
There is no single outcome that applies to every divorce.
Possible arrangements may include selling the property, transferring ownership, refinancing or considering the home’s value alongside other assets.
Our Cambridge divorce solicitors can advise on the family home as part of the wider financial settlement.
Savings and Investments
Savings, shares, investments and other financial assets can form an important part of the overall financial position.
Financial disclosure can help establish what assets exist and their value.
Our solicitors can advise on disclosure and help you understand how different financial resources may be considered during negotiations.
Pensions and Divorce
Pensions can represent a substantial proportion of family wealth, particularly following a longer marriage.
They should not be ignored simply because pension benefits may not be immediately accessible.
Depending on your circumstances, pensions may need to be considered alongside property, savings and investments.
More complicated pension arrangements may require specialist valuation or pension advice.
Business Assets
Cambridge and the surrounding area are home to businesses across technology, professional services, science, healthcare and other sectors. A divorce involving company ownership, shares or partnership interests can therefore create additional financial questions.
Relevant matters may include:
- Limited company ownership
- Partnership interests
- Company shares
- Family businesses
- Business income
- Director remuneration
- Retained profits
- Business valuations
- Complex ownership structures
Where a business interest is valuable or disputed, specialist valuation evidence may sometimes be required.
Our solicitors can advise on how business interests fit within the wider financial settlement.
Spousal Maintenance
Some divorces involve questions about whether ongoing financial support should be provided by one former spouse to another.
Whether spousal maintenance is appropriate depends on the individual circumstances, including income, needs and the wider financial position.
Our family law solicitors can explain how maintenance may be considered as part of a settlement.
Consent Orders
An informal agreement concerning finances does not automatically provide the same certainty as a legally binding court order.
Where both parties reach an agreement, a consent order can formally record the terms and be submitted to the court for approval.
The financial arrangements may deal with matters such as:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial assets
Formalising an agreement can provide greater clarity about each person’s financial position following divorce.
Discuss Your Financial Settlement
Call 0333 050 5381