The Family Home
For many families, the matrimonial home is their most valuable asset.
You may be concerned about:
- Whether the property needs to be sold
- Whether you can remain in the home
- Whether ownership can be transferred
- How the mortgage will be managed
- What happens if the home is in one spouse’s name
- How children’s housing needs will be considered
There is no single outcome that applies to every divorce.
Possible arrangements can include selling the property, transferring ownership, refinancing or considering the value of the home alongside other assets.
Savings and Investments
Savings, shares and investments can form an important part of a divorce settlement.
Proper financial disclosure can help establish what assets exist before meaningful settlement negotiations begin.
Our solicitors can advise on the disclosure process and help you understand how these assets may be considered.
Pensions
Pensions can represent a substantial proportion of family wealth, particularly following a long marriage.
They should not be overlooked simply because they cannot always be accessed immediately.
Depending on the circumstances, pensions may need to be considered alongside property, savings and investments.
Specialist pension advice or valuations may sometimes be appropriate.
Business Assets
Divorce involving a business can require additional consideration.
Issues may include:
- Company ownership
- Partnership interests
- Shareholdings
- Family businesses
- Business income
- Retained profits
- Business valuations
- Complex ownership structures
Where the value of a business is relevant or disputed, specialist valuation evidence may sometimes be required.
Our solicitors can advise on business interests as part of the wider financial settlement.
Spousal Maintenance
Some divorces involve questions about ongoing financial support from one former spouse to another.
Whether spousal maintenance is appropriate will depend on the circumstances, including income, financial needs and the wider settlement.
Our family law solicitors can explain how maintenance may be considered.
Consent Orders
An informal financial agreement does not automatically provide the same protection as a legally binding court order.
Where an agreement has been reached, a consent order can record the terms and be submitted to the court for approval.
The agreement may deal with matters including:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial assets
Formalising your agreement can provide greater certainty about your financial position after divorce.
Discuss Your Financial Settlement
Call 0333 050 5381