Following a relationship breakdown, you will have to make decisions about the sharing of the family assets. Splitting up ‘the matrimonial pot’ can include a lot of debating and negotiation that covers who is to live in the home, should it be sold now or in the future and how the family business is going to be dealt with in the divorce.
This can all be very daunting at such an emotional time. That’s where our divorce separation settlement solicitors can help. Their experience and expertise dealing with the split of finances and assets during a divorce or separation can enable a fair financial settlement.
What do financial separation settlements include?
Our family solicitors are experienced in dealing with a range of net worth cases and assets to include businesses, pensions and inherited wealth. Financial separation settlements are legally binding and detail how your assets and wealth will be divided when your marriage ends.
This can include:
- Property rights
- Stocks and shares
- International assets
- Children – maintenance, school fees and other payments
- Liabilities for debts
No divorce is the same, which is why it’s important you contact our family lawyers first. They will review your finances and situation to suggest the best possible way forward for a fair result.
Divorce separation settlement solicitors in Yorkshire
Our divorce separation settlement solicitors aim to give you clear and practical advice to help you reach an agreement for the division of the ‘matrimonial pot’ or we will seek the best outcome for you within court proceedings. We recognise the importance of being able to move forward with your life after divorce or separation and our experienced solicitors will guide you through this complex area of law.
For a free 30-minute consultation with a family law solicitor to find out how we can help with financial separation settlements in Yorkshire and the wider UK, call 0330 300 1103 or request a call back.
Frequently asked questions about financial separation settlements
Do I have to go to court to sort out finances on divorce?
There are many different ways to reach financial separation settlements, so hopefully you will not need to attend court. We can advise you on all the different options, including:
- Collaborative law
Even if it is necessary to apply to court, a financial settlement is agreed in the vast majority of cases without the need to attend a contested final hearing.
Shouldn’t we just split everything equally?
In most cases, an exact 50/50 split of the assets is not the most appropriate settlement. The law requires any court to consider what is fair in all the circumstances of the case. Relevant factors to consider when deciding what is fair in any case can include the:
- Source of the matrimonial assets (e.g. inheritances or pensions accrued before separation)
- Different financial needs of each person (e.g. if one is the primary carer for the children)
- Earning capacity of each person
It is important that you meet with an experienced family solicitor to discuss what is appropriate for you.
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