The Family Home
The family home is often one of the most significant financial assets.
Common questions include:
- Will the property need to be sold?
- Can one spouse remain in the home?
- Can ownership be transferred?
- Who will continue paying the mortgage?
- What happens if the property is registered in one person’s name?
- How will children’s housing requirements be considered?
There is no single outcome that applies automatically to every divorce.
Possible arrangements can include:
- Selling the home
- Transferring ownership
- Refinancing
- One spouse remaining in the property
- Offsetting property value against other assets
Our Lancaster divorce solicitors can advise on property within the wider financial settlement.
Savings and Investments
Financial assets may include:
- Bank savings
- ISAs
- Shares
- Bonds
- Investment funds
- Managed portfolios
- Employee share arrangements
- Other investments
Full financial disclosure can help establish the overall asset position before negotiations progress.
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.
Relevant arrangements can include:
- Workplace pensions
- Personal pensions
- Defined benefit schemes
- Defined contribution schemes
- Executive pensions
- Other retirement benefits
More complicated pension arrangements may require specialist pension or actuarial advice.
Business Assets
Divorce can become more complicated where one or both spouses own or have an interest in a business.
Relevant matters can include:
- Limited companies
- Partnerships
- Family businesses
- Company shares
- Commercial premises
- Director remuneration
- Dividends
- Retained profits
- Business valuations
Where the value of a business is significant or disputed, independent valuation evidence may sometimes be required.
Our solicitors can advise on how business interests fit within the wider financial settlement.
Spousal Maintenance
Some cases involve questions about whether ongoing financial support should be paid by one former spouse to another.
Whether spousal maintenance is appropriate depends on the individual circumstances, including:
- Income
- Financial needs
- Earning capacity
- Housing requirements
- Other resources
- The overall financial settlement
Our solicitors can explain how maintenance may fit into your wider settlement.
Consent Orders
Where divorcing spouses reach agreement about finances, a consent order can formally record the terms.
A consent order can cover matters including:
- Property
- Pensions
- Savings
- Investments
- Maintenance
GOV.UK confirms that a financial agreement is not legally binding in the same way unless a court approves it through a consent order.