The Family Home
For many couples, the family home is their most valuable asset.
You may have questions such as:
- Will the home need to be sold?
- Can I remain in the property?
- Can ownership be transferred?
- Who will continue paying the mortgage?
- What if the property is only 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 Chichester 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 may form an important part of the overall financial position.
Proper disclosure can help establish what assets exist and their value before meaningful negotiations begin.
Our solicitors can advise on the disclosure process and help you understand how financial assets may be considered within a settlement.
Pensions
Pensions can represent a substantial proportion of family wealth, particularly following a longer marriage.
They should not be overlooked simply because pension benefits may not be immediately accessible.
Depending on the circumstances, pensions may need to be considered alongside property, savings and investments.
More complicated pension arrangements may require specialist valuation or pension advice.
Business Assets
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
- Company shares
- Family businesses
- Business income
- Director remuneration
- Retained profits
- Commercial property
- Ownership structures
- Business valuations
Where a business interest is significant or its value is disputed, specialist evidence may sometimes be required.
Our solicitors can advise on how business interests fit within the overall financial settlement.
Spousal Maintenance
Some cases 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 property, pensions and other assets.
Consent Orders
An informal financial agreement 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 submitted to the court for approval.
It may address:
- Property
- Savings
- Investments
- Pensions
- Maintenance
- Other financial arrangements
Formalising your agreement can provide greater clarity and certainty about your financial position after divorce.