The Family Home
For many couples, the family home is their largest financial asset.
Common concerns include:
- Will the property need to be sold?
- Can one spouse remain in the home?
- Can ownership be transferred?
- Who will pay the mortgage?
- What happens if the property is registered in one person’s name?
- How will children’s housing needs be considered?
There is no automatic outcome that applies to every divorce.
Potential arrangements can include:
- Selling the property
- Transferring ownership
- Refinancing
- One spouse remaining in the home
- Offsetting property value against pensions or another asset
Our Wrexham divorce solicitors can advise on the family home as part of your wider financial settlement.
Savings and Investments
Financial assets can include:
- Bank savings
- ISAs
- Shares
- Bonds
- Investment funds
- Managed portfolios
- Employee share schemes
- Other investments
Full financial disclosure can help establish the overall asset position before negotiations progress.
Pensions
Pensions can represent a substantial part of family wealth, particularly following a longer marriage.
Relevant arrangements may include:
- Workplace pensions
- Personal pensions
- Defined benefit schemes
- Defined contribution pensions
- Executive pension arrangements
- Other retirement benefits
Pensions should not be overlooked simply because the benefits may not yet be accessible.
Complex pension arrangements may require specialist pension or actuarial advice.
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
- Commercial premises
- Director remuneration
- Dividends
- Retained profits
- Business valuations
Independent valuation evidence may sometimes be required where the value of a business is disputed or significant.
Spousal Maintenance
Some financial settlements involve ongoing payments from one former spouse to another.
Whether maintenance is appropriate depends on individual circumstances including:
- Income
- Financial needs
- Earning capacity
- Housing requirements
- Other resources
- The overall settlement
Our solicitors can explain how maintenance may fit into your wider financial arrangements.
Consent Orders
An informal financial agreement does not provide the same legal certainty as a court-approved order.
A consent order can formally record arrangements concerning:
- Property
- Pensions
- Savings
- Investments
- Maintenance
- Other agreed financial matters
Obtaining an appropriate court order can provide greater certainty about each person’s financial position after divorce.