The Family Home
For many couples, the family home is their most significant asset.
You may have questions such as:
- Will the house need to be sold?
- Can I remain in the family home?
- Can ownership be transferred?
- Who will continue paying the mortgage?
- What happens if the property is held in one spouse’s name?
- How will children’s housing needs be considered?
There is no single outcome that applies to every divorce.
Possible arrangements may include selling the property, transferring ownership, refinancing or considering its value alongside pensions, savings and other assets.
Our Carlisle divorce solicitors can advise on the family home as part of your wider financial settlement.
Savings and Investments
Savings, shares, investments and other financial resources can form an important part of the overall financial position.
Financial disclosure can help establish what assets exist and their value.
Our solicitors can advise on the disclosure process and help you understand how financial resources may be considered during settlement negotiations.
Pensions
A divorce can become more complicated where one or both spouses own or have an interest in a business.
Relevant issues may include:
- Limited companies
- Partnerships
- Family businesses
- Company shares
- Business income
- Director remuneration
- Retained profits
- Ownership structures
- Business valuations
Where the value of a business is significant or disputed, specialist valuation evidence may sometimes be required.
Our solicitors can advise on how business interests fit into the wider financial settlement.
Business Assets
A divorce can become more complicated where one or both spouses own or have an interest in a business.
Relevant issues may include:
- Limited companies
- Partnerships
- Family businesses
- Company shares
- Business income
- Director remuneration
- Retained profits
- Ownership structures
- Business valuations
Where the value of a business is significant or disputed, specialist valuation evidence may sometimes be required.
Our solicitors can advise on how business interests fit into the wider financial settlement.
Spousal Maintenance
Some divorce settlements involve questions about whether ongoing financial support should be paid by one former spouse to another.
Whether spousal maintenance is appropriate depends on the circumstances, including income, financial needs and the wider settlement.
Our family law solicitors can explain how maintenance may be considered alongside other financial arrangements.
Consent Orders
An informal agreement about finances does not automatically provide the same certainty as a legally binding court order.
Where both parties reach an agreement, a consent order can formally record the financial terms and be submitted to the court for approval.
The agreement may deal with:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial assets
Formalising a financial settlement can provide greater clarity about each person’s position after divorce.