The Family Home
For many couples, the family home is one of their largest financial assets.
Common questions include:
- Does 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 only one spouse legally owns the property?
- How will children’s housing requirements be considered?
There is no single automatic outcome for every divorce.
Possible arrangements can include:
- Selling the property
- Transferring ownership
- Refinancing
- One spouse remaining in the home
- Offsetting property value against pensions or another asset
Our Milton Keynes divorce solicitors can advise on property as part of your wider financial settlement.
Savings and Investments
Financial assets can include:
- Bank savings
- ISAs
- Shares
- Bonds
- Investment funds
- Managed portfolios
- Employee share arrangements
- Other investments
Accurate financial disclosure can help establish the overall financial position before negotiations progress.
Pensions
Pensions can represent a substantial proportion of family wealth and should be considered alongside property, savings and investments.
Relevant arrangements may include:
- Workplace pensions
- Personal pensions
- Defined benefit schemes
- Defined contribution schemes
- Executive pension arrangements
- Other retirement benefits
Where pension arrangements are particularly valuable or complicated, specialist pension or actuarial advice may sometimes be appropriate.
Business Assets
Divorce can become more complicated where one or both spouses own a business, hold company shares or receive income through a company.
Relevant matters may include:
- Limited companies
- Partnerships
- Owner-managed businesses
- Company shares
- Commercial premises
- Director remuneration
- Dividends
- Retained profits
- Share options
- Business valuations
Milton Keynes City Council describes the city as a major location for growth and innovation, with strong representation in sectors including technology, professional and scientific services, financial services, logistics, information and communications and real estate.
For separating business owners, directors and professionals, careful financial disclosure may therefore need to address both business capital and income.
Where the value of a business or shareholding is significant or disputed, independent accountancy or valuation evidence may sometimes be appropriate.
Spousal Maintenance
Some settlements involve ongoing payments from one former spouse to another.
Whether maintenance is appropriate depends on circumstances including:
- Income
- Financial needs
- Earning capacity
- Housing requirements
- Other available resources
- The overall financial settlement
Our solicitors can explain how maintenance may fit into your wider arrangements.
Consent Orders
If you and your former spouse agree how finances should be divided, a consent order can provide greater legal certainty.
It can cover:
- Property
- Pensions
- Savings
- Investments
- Maintenance
An informal agreement is not legally binding in the same way. GOV.UK confirms that a consent order is required to make an agreed financial settlement legally binding and enforceable.