Finances and Divorce | Divorce Lawyers & Family Law Solicitors | Austin Kemp

Financial Matters

Finances and Divorce

Divorce is one of the most stressful and difficult experiences a person can go through.

National Presence With 37 Offices

National Presence With 37 Offices

Legal 500
Leading Firm 2024

Legal 500
Leading Firm 2024

Divorce is one of the most stressful and difficult experiences a person can go through. In addition to the emotional burden, financial considerations are usually a major factor in divorce proceedings, adding to the already significant stress.

How can Austin Kemp’s divorce solicitors help you?

At Austin Kemp Solicitors, we understand the importance of ensuring you have the financial security to start your new life on the right foot.

Our knowledgeable team can provide advice and support regarding matters such as the division of assets, spousal maintenance, and child support payments.

We provide advice and support on the following matters:

Our high-net divorce expertise

High Net Worth

We deal with many high-net-worth individuals with all levels of complicated assets. Not all family lawyers are equal and are best suited to deal with your case. At Austin Kemp, we know that protecting your assets is key. We’re here to secure your future and help keep what you deserve.

Complex Finances

Financial matters can be very complex. From pensions, multiple assets and investments, to real estate. Our in-house team of financial experts can help you navigate uncertainty and help you get your fair share.

Business Interests

Whether you are a business owner, or your spouse is. We can either protect, or help you get your fair share. Whatever stands in your way, we can help.

International Divorce

We’ve helped clients with complicated assets around the globe. From property, to multiple business interests. In our vast experience, we’ve helped work on over £1 billion worth of assets.

bob

High Net Worth

We deal with many high-net-worth individuals with all levels of complicated assets. Not all family lawyers are equal and are best suited to deal with your case. At Austin Kemp, we know that protecting your assets is key. We’re here to secure your future and help keep what you deserve.

bob

Complex Finances

Financial matters can be very complex. From pensions, multiple assets and investments, to real estate. Our in-house team of financial experts can help you navigate uncertainty and help you get your fair share.

bob

Business Interests

Whether you are a business owner, or your spouse is. We can either protect, or help you get your fair share. Whatever stands in your way, we can help.

bob

International Divorce

We’ve helped clients with complicated assets around the globe. From property, to multiple business interests. In our vast experience, we’ve helped work on over £1 billion worth of assets.

Talk to us now on 0333 311 0925

Divorce and Money: How to Split Your Assets Fairly

Dividing shared assets and finances after divorce can be a challenging and complex process.

Shared finances during a marriage can make untangling your assets a complex and daunting task – especially if one spouse has been in charge of the majority of financial matters.

Our dedicated divorce solicitors understand this challenge and can provide impartial advice and guidance to ensure your finances are split fairly.

We will consider your circumstances, including any pre-existing agreements or arrangements, to ensure you have a workable solution that meets your needs.

How to Financially Prepare for a Divorce

Proper preparation is critical to streamlining the divorce process and ensuring you and your former partner reach an equitable settlement. Here are some tips to help you get started:

1. Understand Your Joint Assets – Gather all the documents related to joint assets, including savings, investment and insurance policies. Be sure to include any pre-nuptial agreements that might affect the division of these items during your divorce.

2. Know Your Finances – Make a list of your income and expenses, including any debts you or your former partner may have incurred throughout the marriage. Knowing how much money is coming in and out of each household will help you negotiate and divide assets more accurately.

3. Determine Your Goals – Take some time to consider what is important to you and what you hope for in the divorce settlement. Make sure these goals are realistic and achievable.

4. Gather Supporting Documents – You will need to collect several documents, such as financial statements, tax returns, bank account statements and any other records related to the marriage, for your solicitor to review.

5. Talk to an Experienced Solicitor – An experienced divorce lawyer can provide valuable advice and help you navigate the process. At Austin Kemp, our dedicated team of solicitors can provide sound advice on negotiating a fair settlement with your spouse and ensure that you are well-protected throughout the process.

Financial Tips for Newly Divorced Women

Divorce can be both financially and emotionally challenging. To make the transition easier, it’s crucial to establish a financial plan and have an accurate understanding of your new financial situation.

To get you started, here are some tips for newly-divorced women:

  • Make sure that you understand your financial settlement and its legal implications. All assets should be divided equitably, so it’s essential to have a complete understanding of the agreement.
  • Review your credit report and ensure you are aware of joint debt. Contact creditors to discuss individual responsibility for the debt and create a plan to pay it off.
  • Keep track of legal fees, especially if they have been included in the settlement agreement. Work out a payment plan with your lawyer to ensure all debts are cleared.
  • Talk to your friends and family for support. You don’t have to go through this challenging time alone, so reach out to those who love and care about you.
  • Take the time to focus on yourself. It’s essential that during this process of change, you look after your own needs and mental well-being.
  • Consider seeking professional advice, such as financial counselling or legal guidance, to ensure you are on track with your finances. Austin Kemp Solicitors can provide further assistance with this if required.

Managing Money During and After a Separation or Divorce

Budgeting and money management is a crucial part of the divorce process. Sit down and create a list of all your income sources, debts and expenses to help you make an informed decision on how to manage your money.

  • Ensure you keep records of important documents such as bank statements, payslips and credit card bills. This will help with budgeting now and in the future.
  • There are a few options to consider when handling joint accounts, such as closing them and opening new ones or transferring funds into separate accounts. It is best to talk about this with your partner before making any decisions if possible.
  • Shared property and assets is another aspect of a divorce. It’s important to discuss who will get what and ensure both parties are happy with the outcome. Property, investments, pensions and cars should all be considered when deciding who will have what.
  • If you have a rental portfolio, ensure you have accurate documents to keep track of rental income and any other costs associated with being a landlord.

The Financial Implications of Divorce

Divorce is often a difficult and expensive process, and it’s essential to understand the financial implications. Here at Austin Kemp Solicitors, we can help you to understand the economic costs of a divorce and help you to decide what is best for your particular situation.

Reach out to us today to find out how we can help you with the financial implications of your divorce. We can advise you on everything from the division of assets to tax implications. Our team is here to answer any questions and ensure that your finances are considered throughout the process.

We understand that this is a difficult time for everyone involved, and we are here to provide guidance and support throughout the process. We will work with you to ensure that your finances are secure and that your assets are divided fairly.

Here, For You

Book a Clarity Call

Talk to us now on: 0333 311 0925

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Our Guarantee

First Class Service

Choose Austin Kemp and you'll get a premium service in all areas. We aren't the cheapest out there, but what we are is the best solution to help you get what you deserve.

Impeccable Advice

Our advice and strategy is second to none. Not all law firms are created equal. Because we're specialists, our depth of knowledge is often the edge that makes the difference.

Challenging Thinking

We work with you to get what you deserve. We don't mean that it's going to be easy – but we're here to support you every part of the journey.

Industry Leading Professionals

We have A-players at every level. We employ the best of the best, and that's why our clients choose us. Because getting the right solicitor can mean your future takes a different path.

The Right Fit

We'll make sure you have a solicitor that fits your case type. If you want a certain approach to your case – we'll make sure your solicitor has the right style for you.

Empathy

We know that getting a divorce divides your world into two. We're here to guide you through the uncertainty and emotional rollercoaster. One step at a time.

First Class Service

Choose Austin Kemp and you'll get a premium service in all areas. We aren't the cheapest out there, but what we are is the best solution to help you get what you deserve.

Impeccable Advice

Our advice and strategy is second to none. Not all law firms are created equal. Because we're specialists, our depth of knowledge is often the edge that makes the difference.

Challenging Thinking

We work with you to get what you deserve. We don't mean that it's going to be easy – but we're here to support you every part of the journey.

Industry Leading Professionals

We have A-players at every level. We employ the best of the best, and that's why our clients choose us. Because getting the right solicitor can mean your future takes a different path.

The Right Fit

We'll make sure you have a solicitor that fits your case type. If you want a certain approach to your case – we'll make sure your solicitor has the right style for you.

Empathy

We know that getting a divorce divides your world into two. We're here to guide you through the uncertainty and emotional rollercoaster. One step at a time.

Talk to us now on 0333 311 0925

A helping hand when things get tough

Austin Kemp handled my divorce efficiently and pleasantly, with a consistent contact person, making it all convenient online. Their straightforward online payment system was a necessary evil, but I'd use them again if needed.

Referred by an online service, I chose Austin Kemp for divorce and financial settlement with my ex-wife. Emma's assistance was invaluable; I paid for a guidance check on the consent order before submission. Court process went smoothly, and I'm content with the outcome.

Throughout the process, Emma guided me, addressing any issues promptly. No complaints—consent and pension sharing orders approved swiftly after submission, indicating accurate document preparation.

Austin Kemp's team deserves only praise. Highly knowledgeable and passionate about client support, they saved the day. Tenacious advocates, they stood by me till the end. I highly recommend them—no need to take chances with other firms!

Alex Clarke, 'The Saviour,' actively handled my case, ensuring clear communication and understanding throughout. He promptly responded to calls and emails, investing time even before any formal agreement. His integrity convinced me he was the right choice to represent me. When it comes to issues concerning children, contact Alex Clarke—'The Saviour.'

Here, For You

Book a Clarity Call

Talk to us now on: 0333 311 0925

Status
Are You Currently Employed?

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