Finances on Divorce
Issues relating to shared assets (e.g. the matrimonial home) and ongoing financial arrangements e.g. maintenance for spouse/children are possibly the most complex aspect of any divorce settlement.
When you divorce, you and your spouse have the right to make certain financial claims against one another in the event of a divorce. These include claiming a share of property, capital assets, pension funds and income.
These claims continue during marriage and after divorce unless you obtain an order, either by agreement (known as a “consent order”) or imposed by the court, setting out the terms of the financial settlement. This is why it is essential that you finalise your financial arrangements by way of a Court approved order upon divorce - to safeguard you from potential future financial claims and upheaval.
In the event that you are unable to reach agreement on the division of assets and financial provision with your spouse, the Court has wide powers to address these financial matters.
Further Reading - Finances on divorce
- Types of Relief - Court Orders
- Financial Order Procedure Explained
- Finances Upon Divorce
- What can I claim in a divorce settlement?
- Dealing with foreign assets within a divorce
- Inherited Wealth Within Divorce Proceedings
- How divorce can impact a business owner
- What happens to my pension during a divorce?
- What happens to my taxes after getting a divorce?
How we can help
We understand the complexities and emotional challenges that come with financial matters during a divorce. With our extensive legal expertise and years of experience, we are dedicated to helping you secure the best possible outcome for you and your loved ones. We invite you to take advantage of our complimentary initial consultation, where you can speak with one of our legal experts and explore how we can assist you. Contact us today to learn more about how we can support you.
