Financial Settlements

If you have been offered a 60/40 split of the assets as your divorce financial settlement, you may be debating whether to accept the offer. Whether you have had an offer, are just starting the divorce process or are looking to split your finances, our family law team are on hand to help you reach a fair financial settlement.

If you are splitting up from your husband or wife, you may assume that everything will be split 50/50 in your divorce settlement. That is not always the case.

You may not realise that if you divorce your husband or wife and divide your assets, you might end up having to pay a capital gains tax (CGT) bill. Divorce and CGT is a complex topic but one that is important to understand so you are not the one who is unexpectedly footing a tax bill.

Family court hearings can be stressful whether the court hearing is to decide on the residence and contact arrangements for your child or a financial settlement. It can be tempting to ignore solicitor letters and court paperwork or to not attend a family court hearing.

Who gets the car in a financial settlement following divorce can be a very contentious issue between husband and wife. Whilst to some a car is just a car, to others who gets the car is a significant concern.

If you are in a new relationship but have not obtained a divorce financial settlement from your former spouse it can be worrying to think that your new partner’s financial circumstances and assets could get dragged into your divorce.

It is understandable to assume there are financial settlement time limits to bring a financial claim because there are time limits to start civil proceedings. However, technically there are no time limits; you can get married and divorced in your twenties and then (provided you have not remarried in the meantime) start financial settlement proceedings when you are in your sixties.

Worrying about who will get the house in a divorce is a natural concern when you are thinking about separation. We recommend that you speak to a family law solicitor to discuss your circumstances, divorce and what may happen during any financial settlement.

We are pleased to announce our new innovative process offering support to both parties experiencing relationship breakdown. We will empower you both to negotiate and plan together how best to resolve any concerns regarding finances and/or children, arising from your separation.  Yes, that is right we will work with both parties: no more upsetting lawyers’ letters; costly hearings being adjourned etc. We will assist you both in finding the solution that works for your family; at a fraction of the cost, in time and money enabling you to separate with confidence and dignity.