As most solicitors charge by the hour and court cases to settle finances during divorce proceedings can take anything from 6 to 12 or even 18 months, it could end up being very expensive.
Usually, up to three hearings will take place: the First Directions Appointment, the Financial Dispute Resolution and then the final hearing. The purpose of the first hearing is to decide if you or your spouse need any further information, or if the court needs any further information, before the negotiations can begin. At the second hearing (the FDR) the judge indicates what they think is fair and both parties are encouraged to reach an agreement. Most cases are settled at this stage.
If both parties cannot agree then the final hearing will take place and the judge will give the final order after both parties have given their evidence.
If you are a high net worth individual with assets and pension funds spread out around the world then getting the right, expert legal advice can make all the difference to the length of your court case and indeed your final settlement. Austin Kemp specialises in helping high net worth individuals and their spouses through all aspects of the divorce process, including taking your case to court, if necessary. Any good solicitor will be able to give you an estimate for how much your divorce proceedings are likely to cost.
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