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Financial Settlement after Divorce

Negotiating your financial settlement after divorce, and dealing with the stress of how the children will cope and your future financial security only add to an already very stressful time. A great deal of stress and emotional angst is involved when marriages break down.

When dealing with financial settlement after divorce you can use other routes such as mediation when dealing with your financial settlement after divorce during divorce proceedings but sometimes this will not be possible. Our expert family lawyers can advise you on whether this would be suitable for you. We can also discuss the option of a ‘collaborative process’. This is where you and your spouse both have a solicitor but share a commitment to avoid litigation. This usually includes informal meetings with you and your spouse and both of your solicitors present.

When going through a divorce it is extremely important to get the best legal advice regarding your wealth and assets. We have a team of experienced solicitors who specialise in advising high net worth individuals on the potential impact of their divorce on their pension funds and investments, whether they be in the UK or abroad.

We can help you whether you think your spouse is hiding their assets or whether your spouse thinks that you have more assets than you actually do. We can also advise you on the financial impact divorce will have on your assets if you think that you want to leave your spouse, or think your spouse intends to leave you. It is invaluable to get legal advice very early on and can make a real difference to the outcome of your financial settlement after divorce.

At Austin Kemp we have solicitors who are highly skilled in negotiating with your spouse’s solicitor in order to get you the best possible outcome.

If an agreement cannot be reached then financial proceedings in court may need to commence to determine the financial settlement after divorce. This can only be done once the divorce petition has been issued. Both parties will need to make a full disclosure of their financial situation.

 

The Court Process for financial settlement after divorce

Going to court – the two stage process and up to three court hearings. The court has two jobs to do. First, it has to decide what assets, income, liabilities, and needs each of you has. Secondly, it has to decide how to allocate what you have to meet your needs.

The first hearing is the First Direction Appointment (FDA). The court will review the information and documents you have each put in to check that it has everything it needs to take a decision.

The second hearing is the Financial Dispute Resolution (FDR). The court will give clean guidance as to the sort of orders you could expect if there were a full trial, in the hope that agreement can be reached.

The third hearing is the trial itself, at which evidence is given, witnesses cross-examined and the judge gives a judgement.

It is worth nothing that what is seen as fair in one case may not be fair in another and, although the judge must take into account the factors in Section 25 of the Matrimonial Causes Act 1973, it is case law that provides guidance on the interpretation of this.

Both you and your spouse can claim for income, capital and pension provision. The more complex your financial situation the more lengthy the process can be and the more important it is to get the correct legal advice from specialist solicitors such as Austin Kemp, in order to get the best outcome for your financial settlement after divorce.

financial settlement after divorce

 

Financial Settlement Divorce Calculator

How much am I entitled too? A question everyone asks.

Now we can help you answer that question with our Financial Settlement Divorce Calculator, it gives you a rough financial estimate of what you can expect to receive if a divorce or dissolution takes place.

All you need to do is click this link to get started with your Financial Settlement Divorce Calculator.

 

How can our expert divorce solicitors help you with your financial settlement after divorce?

Our expert family law solicitors can help you with a range of legal issues relating to financial settlement after divorce, including:

 

Contact our expert divorce solicitors

For more information call our divorce solicitors on 0845 862 5001 or email mail@austinkemp.co.uk.

Our expert divorce solicitors offer a nationwide service. We have client meeting office facilities available, in order to have face-to-face client meetings / conferences as and when required in our:

Leeds Office: St Andrew House, The Headrow, Leeds, LS1 5JW

Sheffield Office: Pinfold Street, The Balance, Sheffield, S1 2GU

Manchester Office: King Street, Manchester, M2 4PD

Wakefield Office: Market Walk, Wakefield, WF1 1QR

Canary Wharf Office: 25 Canada Square, Canary Wharf, London, E14 5LB

London Office: 01 Nothumberland Avenue, Trafalgar Square, London, WC2N 5BW

Please contact us for more details.

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0845 862 5001 or email us today.

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