Divorce – Reaching a Financial SettlementSeptember 1, 2014
Ordinarily, the process of getting divorced, is relatively straightforward, provided the proceedings are not defended.
More difficult and complex, is reaching a financial settlement within those divorce proceedings.
There is a requirement on both spouses to provide full and frank disclosure of their finances to enable advice to be given as to what is a fair outcome. It is extremely important to take expert legal advice to ensure that such an outcome is achieved.
The family team at Walker Foster is able to assist you in securing your financial future.
The primary factor considered by the Courts is the welfare of any children of the family, who are under the age of 18. Other factors include:-
- Needs of each spouse.
- Contributions each spouse has made to the marriage (financial and otherwise).
- Earnings and potential earnings.
- Value of properties and other financial assets.
- Debts and liabilities.
- Ages and length of the marriage.
- The standard of living during the marriage.
Our expertise means that we can advise fully on all aspects of financial remedy and discuss the best approach to take in achieving a financial settlement. Options other than Court proceedings include negotiation through solicitors, mediation, round table meetings and ADR (alternative dispute resolution).
To discuss the divorce process in more detail or any concerns regarding the financial implications of a divorce, please contact Liz Hebden, Head of Family Law or any other member of the family team on [email protected], 01756 700200.
We offer a fixed fee service of £50.00 plus VAT for a preliminary consultation for all new enquiries, to include follow up advice in writing.