No matter if you’ve been blindsided by your partner having an affair, or if you had to tell your partner that the relationship was at an end, it is an emotionally difficult time. At the same time, you have to make critical financial decisions that can affect the rest of your life.
Marriage can create a complex mélange of assets, and it is never a good idea to rush your divorce financial settlement. It can lead to an unfair division of assets for the more susceptible spouse. It is essential in a divorce settlement that you receive professional legal advice.
Achieving the Right Divorce Financial Settlement
Each marriage and civil partnership is unique, and the courts will treat it as such. Typically, however, you may be entitled to investments and savings, property, pension, life insurance, a part of a business, furniture and more. In addition, if you have children, there could be child maintenance payments to consider. Debts, credit cards, and other loans must also be reviewed to reach a divorce settlement.
Complex Asset Sharing
At Robertsons Family Law, we have advised an extensive number of clients, from celebrities to business executives, on their rights regarding a divorce financial settlement. From complex business shareholdings to foreign property and assets. We ensure that every part of the marital assets are reviewed and considered. Our advice is fair, but we ensure that our clients receive what they are entitled to.
A Financial Consent Order
Not every finance case is concluded by a formal financial application to the court. Extensive negotiations between solicitors can result in an agreement which can be drafted into a consent order. This is a document setting out your agreed arrangements about savings, pensions, property and other assets. You can also include spousal maintenance or child support clauses. This will be sent to the court for approval and will result in a final financial order,
FAQs on a Divorce Financial Settlement
What documents do I need to reach a divorce financial settlement?
Do I need a ‘legal’ consent order? I am happy with my agreement with my spouse.
Unless you are happy with your spouse coming back in seven years and demanding more money from you, you’ll need a binding court order to set out your financial arrangements. If you don’t feel as though your relationship is at an end then you might want to consider counselling services.