The Family Home
For many separating couples, the family home is their most significant asset.
Questions may arise about:
- Whether the home should be sold
- Whether ownership can be transferred
- Whether one spouse can remain in the property
- How the mortgage will be managed
- Whether refinancing is possible
- The housing needs of any children
There is no single outcome that applies automatically to every divorce.
The property needs to be considered as part of the wider financial circumstances.
Savings and Investments
Savings, investments, shares and other financial assets may form an important part of the overall financial position.
Our solicitors can help ensure that relevant assets are properly identified and considered during negotiations.
Pensions
Pensions can represent a substantial part of a family’s wealth and should not be overlooked during divorce.
Depending on the circumstances, pension arrangements may need to be considered alongside property, savings and other assets.
Complex pension arrangements may require specialist valuation or actuarial advice.
Business Assets
Divorce can become more complex if one or both spouses own a business.
Relevant issues can include:
- Limited company ownership
- Partnership interests
- Company shares
- Family businesses
- Business income
- Retained profits
- Company valuations
Where business value is significant or disputed, independent valuation evidence may be required.
Our family law solicitors can advise on how business interests fit within the overall financial settlement.
Spousal Maintenance
In some circumstances, ongoing financial support between former spouses may need to be considered.
Whether maintenance is appropriate depends on the financial circumstances and needs of the individuals involved.
Our solicitors can advise on potential maintenance arrangements alongside the wider financial settlement.
Consent Orders
An informal financial agreement does not automatically provide the same certainty as a court-approved arrangement.
If you and your former spouse agree how money and property should be dealt with, you may be able to ask the court to approve the terms through a consent order.
This can help create a legally binding financial settlement and provide greater certainty for the future.
Speak to Our Bath Financial Settlement Solicitors