The Family Home
The family home is often the largest asset owned by a separating couple.
You may have questions such as:
- Will the property need to be sold?
- Can I remain in the family home?
- Can the property be transferred to one spouse?
- Who will be responsible for the mortgage?
- What happens if the property is only in one person’s name?
- How will children’s housing requirements be considered?
There is no automatic outcome suitable for every family.
Possible arrangements may include selling the property, transferring ownership, refinancing or considering the value of the home alongside other assets.
Our divorce solicitors can advise on the family home within the context of your overall financial settlement.
Savings and Investments
Savings, shares and investments can form an important part of the overall matrimonial finances.
Proper financial disclosure can help establish what assets exist before negotiations begin.
We can advise on the disclosure process and help you understand how different financial assets may be treated as part of the settlement.
Pensions and Divorce
Pensions can represent a substantial proportion of family wealth, particularly after a long marriage.
They should not be overlooked simply because the benefits cannot necessarily be accessed immediately.
Depending on your circumstances, pensions may need to be considered alongside property, savings and other investments.
In more complicated cases, specialist pension advice or valuation evidence may be required.
Business Assets
Divorce may become more complicated where one or both spouses own or have interests in a business.
Relevant issues can include:
- Limited companies
- Partnerships
- Company shares
- Family businesses
- Business income
- Retained profits
- Ownership structures
- Business valuations
Where a business interest has significant value, specialist valuation evidence may sometimes be required before an informed settlement can be negotiated.
Spousal Maintenance
Some divorces involve questions about whether ongoing financial support should be paid by one former spouse to another.
Whether spousal maintenance is appropriate will depend on factors including income, financial needs and the wider circumstances.
Our family law solicitors can advise on maintenance as part of the overall financial settlement.
Consent Orders
An informal agreement about money and property does not automatically provide the same certainty as a legally binding court order.
Where both parties have reached an agreement, a consent order can be used to formally record the financial terms and ask the court to approve them.
The order may address:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial arrangements
Formalising the agreement can provide greater financial certainty after divorce.
Discuss Your Financial Settlement Call 0333 050 5381