Financial Settlements
We can assist you with your financial arrangements following the end of your relationship.
CONTACT US
Financial Settlements
The breakdown of a marriage is not just emotionally difficult, it is also financially difficult. We are aware that you will be anxious to ensure your family’s future is financially secure. We are a team of legal experts who can assist you through these complex matters. We are experienced in assisting individuals, ranging from straightforward low value to high net worth claims. We are a friendly, experienced and intelligent team that treat all clients (regardless of wealth) the same, and provide a tailored service which aims to try to save you money by negotiating and settling issues - without expensive Court proceedings.
Getting the right financial deal for you should not be left down to chance. If you require assistance with any aspect of resolving finances after the end of your relationship, please contact us today….
High Net Worth Divorces
We appreciate that high net worth divorces often require a more technical approach, due to the substantially more complex nature of the proceedings. These types of proceedings can often require extended proceedings and cover difficult issues such as: complex international issues; high-value assets; high incomes; business assets; pensions; tax liabilities; trust(s); property and additional child maintenance issues. We are on hand to ensure you are supported not only by our legal expertise but also a wide array of experts who can help to decipher the complex matters, with a view to ensuring you receive a fair financial outcome.
These complex matters require us to often unravel and guard substantial finances, properties assets – including international assets. We are happy to guide you through these complex proceedings….
Financial Provision Calculation
There is no standard formula calculating financial provisions on divorce and the Court will consider all the circumstances of the case and a range of issue statutory factors known as s.25 factors (s.25 Matrimonial Causes Act 1973). These are:
The starting point will be 50% - 50% split. This is appropriate where the assets provide sufficiently for the parties and children. In some circumstances, unequal division may be necessary, and the parties can argue as to why they consider that a greater share of the assets should be received by them. If possible, the Court will try to achieve a clean break, so the parties are not financially reliant on each other in the future. The types of Orders that can be applied for are:
- The income and capital resources available (existing or reasonably foreseeable in the future)
- Financial needs, including:
- The ages of the parties and the period they have been married;
- The standard of living enjoyed by the parties; and
- Any disabilities.
- Further factors are:
- In exceptional circumstances, the conduct of a party;
- The contributions made by each party; and
- Any benefits a party will lose because of the divorce.
The starting point will be 50% - 50% split. This is appropriate where the assets provide sufficiently for the parties and children. In some circumstances, unequal division may be necessary, and the parties can argue as to why they consider that a greater share of the assets should be received by them. If possible, the Court will try to achieve a clean break, so the parties are not financially reliant on each other in the future. The types of Orders that can be applied for are:
- Maintenance Pending Suit: This order is an interim order for your ex-partner to make regular payments to you whilst the financial proceedings are on-going.
- Legal services Order: This order can be where the Court order your ex-partner to pay money towards your legal costs.
- Maintenance Payments: This order would require your partner to make regular payments for a fixed period or on an on-going basis.
- Lump Sum Payments: This order would grant a lump sum payment from your ex-partner which would be payable together or in installments.
- Property Adjustment Orders: This order can include orders to sell, transfer or settle in trust the property for you or your children’s benefit.
- Compensation for loss of Pension Rights/Orders – This order can include a sharing or attachment order for entitlements.
- Child Maintenance: This order can be for periodical payments for the maintenance of the child.
Call now for assistance
We are available to discuss your financial matters and to guide you through the process.
We do NOT charge you to initially discuss your matter. We will assess your circumstances and explain how we can assist you.
We try to save you costs by attempting to reach an agreement without the need for formal Court proceedings.
Please contact us to see how we can support you.
| 0161 250 7771 |
|
07546 785 771
(24 hour helpline)
|
Expert Legal Assistance – Financial Settlements
The process of resolving financial matters is difficult enough, without the parties becoming embroiled in needless arguments. The aim of the matters should be to try to achieve an agreement without unnecessary costs, disputes and proceedings. Our experienced team will work hard to protect your financial position and assist you. We can also access our wide-ranging experts to ensure that your case is prepared appropriately. It is important to have legal representation that can help you to understand the complex matters, we consider our team is in an excellent position to consider your matter and assist you. Please contact us if you need any assistance.
We look forward to hearing from you.
Our accreditations
Reviews
All reviews comes from Trustpilot
Arrange your free consultation today.
We believe that everyone needs to be heard. It's your turn.
