According to Aviva’s Family Finances Report addressed divorce costs: as well as legal fees, which sat at an average of £2,679 per person, an average of £3,321 was spent on setting up a new home and £4,810 on a new car.
The research also showed that, on average, money matters took 14.5 months to settle after a split, three months longer than in 2014. Over a third of couples questioned said that they found the process worse than expected.
As this report shows, divorce can be both costly and time consuming. Indeed, although the financial settlement is a separate process to the divorce itself, it is this which can often take the most time. Moreover, it is the process of agreeing a financial settlement, or if this is not possible, asking a court to make the decision of how your assets will be divided upon divorce, which can take up the majority of the costs.
However, having an experienced family lawyer to assist you throughout the divorce process, can be invaluable. Not only can receiving legal advice help you to make sure that you fully understand exactly what your rights are, it can also ensure that you know what a financial settlement, based on your individual circumstances, could look like, so that you can begin your negotiations with your spouse with this knowledge at the forefront of your mind.
In addition to this, solicitors can help with these negotiations, if necessary. When many people think of divorce lawyers, they think of courtrooms and long, drawn-out legal battles. However, this really is the exception, rather than the norm, as a good family solicitor should be working with you to avoid this scenario, if possible.
Moreover, family lawyers trained in , can help if you and your spouse are unable to reach an agreement about how your assets should be divided. This process, involving 4-way meetings between you, your spouse and your respective lawyers, is about working together to reach a financial settlement, rather than hostility and conflict.
What’s more, you should be regularly updated regarding your costs throughout the process, so you can keep an eye on your finances.
Good family lawyers are not there to push up costs by drawing out your divorce. Indeed, receiving legal advice, specific to your circumstances early on in the process, could put your mind at rest during what can be a very stressful time and help you to understand how you can work towards a financial settlement and, ultimately, move on with your life.
Our expert divorce solicitors can help you with a range of legal issues:
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