The Family Home
For many couples, the family home is their most significant financial asset.
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 requirements be considered?
There is no single outcome that applies automatically to every divorce.
Possible arrangements may include selling the property, transferring ownership, refinancing or considering its value alongside pensions, savings and other assets.
Our Chester divorce solicitors can advise on the family home as part of your wider financial settlement.
Savings and Investments
Savings, shares, investments and other financial resources 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 the disclosure process and help you understand how different financial resources may be considered during settlement negotiations.
Pensions
Pensions can represent a substantial proportion of family wealth, particularly after a longer marriage.
They should not be overlooked 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 can sometimes require specialist advice or valuation evidence.
Business Assets
Divorce can become more complicated where one or both spouses own or have an interest in a business.
Relevant issues may include:
- Limited companies
- Partnerships
- Company shares
- Family businesses
- Business income
- Director remuneration
- Retained profits
- Business property
- Ownership structures
- Business valuations
Where a business interest has significant value or its valuation is disputed, specialist evidence may sometimes be required.
Our solicitors can advise on how business interests fit into the wider financial settlement.
Spousal Maintenance
Some divorce settlements involve questions about whether ongoing financial support should be paid by one former spouse to another.
Whether spousal maintenance is appropriate depends on the circumstances, including income, financial needs and the wider settlement.
Our family law solicitors can explain how maintenance may be considered alongside property, pensions and other financial arrangements.
Consent Orders
An informal financial agreement does not automatically provide the same certainty as a legally binding court order.
Where both parties have reached an agreement, a consent order can formally record the financial terms and be submitted to the court for approval.
A consent order may deal with:
- Property
- Pensions
- Savings
- Investments
- Maintenance
- Other financial arrangements
Once approved and effective, it provides a legally binding framework for the agreed financial settlement.