A financial settlement must be dealt with separately in addition to the divorce proceedings as simply getting divorced does not extinguish married couples’ financial claims against one another. If a financial settlement is not formally put in place, you or your ex-partner could potentially make a financial claim against one another’s assets (including property, savings, capital, business, pensions or income etc) many years after a divorce or dissolution. Even if you reached an agreement between yourselves, your ex-spouse may be able to change their mind about that agreement in the future if it is not properly formalised. We are able to advise you what your rights are and help you negotiate and formalise a financial settlement.
We understand that the task of separating the matrimonial assets can be daunting. Our family law Solicitors are all members of Resolution which is committed to the constructive resolution of family disputes.
Our family lawyers will give you clear, practical and personal advice on what an appropriate financial settlement would be in your circumstances. Once an agreement is reached we can draft a ‘Consent Order’ to formally set out the agreement in legal terms. This is then signed by you and your ex-partner and sent to the Court for a District Judge to approve. If an agreement cannot be reached then either you or your partner can make an application to Court for a ‘Financial Remedy’ to determine how the assets should be split. The majority of our cases do not go to Court, but when they do we are able to offer you practical advice and legal representation.
See the Family Teams useful tips for coping with divorce and financial settlements here.