Reaching a financial solution on divorce or separation is often the most complicated part of the process. There are a number of different issues to consider and as specialists we can advise you on the best approach to take with your settlement.
Both parties are required to provide a full and frank disclosure of their finances and an agreement must be reached, with or without court intervention. This is why it’s extremely important to take expert legal advice to make sure you get a fair financial settlement.
Our expertise allows us to combine excellent negotiation and mediation skills with tough litigation strategy to handle the most intricate of financial affairs. We have extensive experience of cases involving large companies, partnerships, agricultural assets, off-shore investments and trusts, as well as commercial and international property.
We can also help with interim financial provision if your spouse is not supporting you financially. We will make an emergency application to the court when necessary to require your spouse to pay you a monthly sum until the divorce is brought to conclusion. In addition, we can seek an order that your spouse assist you in meeting your legal cost of the divorce process if required.
If there is a risk your spouse may be trying to hide or dispose of assets, we can also arrange for injunctions, which will freeze assets until the divorce has been concluded.
We have conducted litigation for clients from all types of backgrounds from leaders in their fields to doctors, local business owners, politicians, hoteliers and even other lawyers. Each case and each client requires excellent service and a unique bespoke solution. We will always do our utmost to obtain the best settlement possible for clients and will use all of our expertise to do so.
If you require further advice in relation to finances on divorce from one of our Family Solicitors in Southampton or on the Isle of Wight, please contact our team today.
Once divorce proceedings are underway, we will assist you with dealing with the financial matters arising as a result of divorce. Typically, this will mean collating your financial disclosure for a voluntary exchange with the other party. Each party is obliged to provide full and frank disclosure which may require valuations of your properties, businesses and pensions as well as your other assets. With our expertise we can guide you through what will be appropriate based on your financial circumstances.
Once the financial situation of both parties has been established, we will begin to consider what an appropriate financial settlement might be and we will advise you as to the best outcome based on your situation.
If both parties are able to reach an agreement as to what should happen with their assets on divorce, it is not necessary to issue court proceedings. The matter will be concluded with an order made by consent.
If it is not possible to obtain a consent order, an application will need to be made to the court for the court to determine the issues. Financial court proceedings are divided into multiple stages, with court hearings at each stage. If this becomes relevant to your situation, we will provide you with detailed advice and support as well as excellent representation at court.
The family home is often one of the largest assets in financial cases and there are a variety of different options as to what should happen to it. Depending on the wider context of your financial situation, the house may be sold with the proceeds divided, there may be a delayed order for sale, or it may be retained by one party.
Once we have had sight of the financial disclosure available in your case we will be able to give you clear advice as to the most suitable outcome for you and your property.
The ownership of a business or company by one or both parties can become a point of contention in a divorce and to be able to assist you in resolving these, we will need to understand what your business does, what it is worth and how it operates.
We have worked with numerous business owners and company shareholders and we understand the intricacies and sensitivity required when dealing with what can be complex issues. We have an extensive network of expert valuers, accountants and tax advisors across Southampton, Hampshire and nationally that we can instruct should this become necessary in your case. Through a combination of our Family Law expertise and commercial understanding we will ensure that your financial order takes into consideration your concerns about your business.
Your pension is one of the assets which will need to be considered in the context of a financial agreement. There are various orders that the court can make in respect of pensions, including pension sharing, and we can advise you which will be the most appropriate based on your circumstances.
As with all of your other assets, the pension will need to be valued and where necessary, we will instruct an expert to provide a report on the appropriate settlement in respect of pension assets from our wide network of experts across Southampton, Hampshire and nationally.
