The Family Home
For many separating couples, their 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 property is in one spouse’s name
- How children’s housing needs will be addressed
There is no single outcome that applies to every family.
Possible arrangements can include selling the home, transferring ownership, refinancing or considering its value alongside other matrimonial assets.
Our Bradford divorce solicitors can advise on your options as part of the wider financial settlement.
Savings and Investments
Savings, shares and investment portfolios may form an important part of the matrimonial financial position.
Financial disclosure can help establish what assets exist and their value.
Our solicitors can advise on disclosure and help you understand how savings and investments may be considered during settlement negotiations.
Pensions
Pensions can represent a substantial proportion of family wealth, particularly following a long marriage.
They should not be overlooked simply because the money cannot necessarily be accessed immediately.
Depending on the circumstances, pension assets may need to be considered alongside property, savings and investments.
Specialist pension advice or valuation evidence may sometimes be required.
Business Assets
A divorce can become more complicated where one or both spouses own a business.
Relevant issues may include:
- Limited companies
- Partnerships
- Company shares
- Family businesses
- Business income
- Retained profits
- Ownership structures
- Business valuations
Where the value of a business is relevant to the financial settlement, specialist valuation evidence may sometimes be required.
Our solicitors can help you understand how business interests fit into the wider financial picture.
Spousal Maintenance
Some cases involve questions about ongoing financial support from one former spouse to another.
Whether spousal maintenance is appropriate will depend on the circumstances, including the parties’ income, financial needs and wider settlement.
Our family law solicitors can explain how maintenance may be considered alongside other financial arrangements.
Consent Orders
Reaching an informal financial agreement does not necessarily provide the same certainty as having that agreement approved by the court.
A consent order can record agreed financial arrangements and make them legally binding once approved.
The order may deal with matters such as:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial assets
Formalising your agreement can provide greater certainty for both parties following divorce.