Our experienced solicitors are here to help you understand the options open to you for financial settlements following divorce.
East Anglia’s trusted solicitors for divorce finances.
There’s no one-size-fits-all approach to divorce financial settlements. The law in this area is complex, and every family is unique. If you’re married and one of you initiates divorce proceedings, you can both make financial claims in relation to income, capital, property, and pensions. Our team of lawyers has a wealth of experience dealing with the full range of financial issues arising from a separation. Whatever your family is going through, we’re here to help you reach a fair and agreeable financial resolution.
Expert divorce finance solicitors in Norwich & Norfolk.
Hansells is a family law firm with years of expertise guiding people through the complex landscape of financial settlements post divorce. Whether you’re concerned about having insufficient funds to live separately or your situation is complex and involves businesses, farming, or trust issues, we have a team of specialists ready to help. Once we have gathered details of the financial resources available, we will provide guidance as to your options moving forwards.
It’s important to make sure a financial settlement is fair for both of you. Our specialist family team can advise you on what legal fairness will mean in your circumstances. The first step is to make sure that the settlement provides appropriately for any children. The other factors that are taken into account (and which are set out in Section 25 of the Matrimonial Causes Act 1973) include:
The age of you and your spouse.
The ages of your children.
How long you’ve been married.
How much you both earn now and in the future.
Your standard of living during the marriage.
Any contributions made by either of your during the marriage. This could be an exceptional financial contribution such as an inheritance received, or non-monetary such as one party giving up their career to take on more of the domestic responsibilities.
The starting point for any divorce financial settlement is a 50/50 split of matrimonial assets. However, either party can make claims for various financial orders. The four main types of orders which the court has the power to make are for periodical payments (maintenance paid by one party to the other), orders for the payment of a one off capital lump sum, pension sharing orders, and property adjustment orders (in relation to the sale or transfer of the family home).
Court involvement is not vital, and you may choose to come to a more informal agreement. However, we highly recommend making sure the agreed financial settlement is properly recorded in court. If it is not legally approved and turned into a court order, there is the potential for your spouse to contest it in the future and make additional financial claims. For total peace of mind, court involvement is often necessary. For more information about what this might mean for your family, contact us today and we’ll explain the process in more detail.
An agreement over divorce finances can be reached in several ways:
The couple reach an agreement between themselves.
An agreement is reached following negotiation through solicitors.
An agreement is reached with the help of family mediators.
The collaborative law process helps them reach an agreement.
Whichever process is right for you and your loved ones, our specialist family law team will provide clear and practical guidance throughout.
Expert family law solicitors for divorce finance arrangements.
Our team of professional family lawyers have helped numerous clients in East Anglia resolve financial disputes and reach a suitable settlement for life post divorce. If you’re struggling to come to an agreement or just need to make it legally binding, our expert team are here to help. We’ll combine our widespread knowledge of this area of the law and provide astute legal guidance on every aspect of the process. With us, you can feel confident that you will reach a satisfying resolution that works for you and your family.
Get in touch with us.
For more information and a no obligation discussion, please complete the contact form or call us on 01603 615 731.