Divorce Financial Settlement Solicitors

Divorce Financial Settlement Solicitors

 

Tayo Taylor

Tayo Taylor
Partner

 

Keep Your Finances In Check During Hard Times

The breakdown of a relationship is a time of constant emotional stress. If you and your partner have decided to part ways, money is likely the last thing on your mind – but also one of the most important things to settle, if you want to ensure a smooth transition into this new beginning.

If you need help navigating the legal hurdles of financial matters post-divorce, our dedicated financial settlement solicitor, Tayo Taylor, is here to provide all the support you need. Your initial half-hour consultation is only £60 plus VAT @20%. No matter the difficulty, we can help.

Submit your enquiry today

The Divorce Financial Settlement Process – Your Options

When settling any financial matters during the divorce process, you have a few options available. 

Amicable Settlements

You can attempt to resolve matters amicably, either through a mediator or through your family law solicitor. We encourage this path wherever possible, as it can help you reach a positive outcome with as little stress as possible.

Once you reach a financial agreement, you will then need to instruct a solicitor to draft a legally binding Consent Order to set out the agreement reached. The Consent Order will need to be signed by you and your former partner and lodged at court along with a Statement of Information. 

If it all sounds like a lengthy process, don’t worry – your solicitor can guide you through it step by step.

Court Settlements

In certain family dynamics, amicable mediation might not be successful – in such cases, we can provide all the support you need to issue court proceedings. Through this option, you can either negotiate an agreement through the court or, if no agreement is reached, let the court make a final Order.

No matter what, we’ll discuss your financial issues in detail and ensure you get a fair settlement for you and your children.

Unsure about divorce proceedings, child custody, and other complex matters? Learn more about Family Law and how it can help you.

Why Choose Our Financial Settlement Solicitor Services?

At MHHP Law, we understand the complexities of divorce and civil partnership dissolution, and know how to help you secure your future when life takes an unexpected turn. 

  • Direct Communication – your family law solicitor is always one call or email away, from the very first contact all throughout the process.
  • Services to Suit You – when it comes to financial advice for divorce settlements, there’s no one-size-fits-all. You’ll get a strategy tailored to your unique situation and get all the support you need at every stage
  • Empathetic Advice – We know how daunting and emotional a divorce or civil partnership dissolution can be. Our legal professionals are trained to provide you with confidentiality, peace of mind and constant ongoing support. 
  • Supporting London & The UK – All of our consultation appointments are available remotely as well as in person, so we can assist you from wherever you are. 
  • Clear Language – We provide pragmatic, sensible legal advice explained in simple terms, so you can get 100% clarity on your situation and stay informed & empowered.

With our empathetic approach, you can navigate the stress of relationship breakdowns with confidence. We hold a strong reputation for successful outcomes and satisfied clients, no matter how difficult the legal situation may seem – check out what they say about our services here.

Our Family Law Blogs

Our Family Law Blogs

Comprehensive Post-Divorce Financial Settlement Advice In The UK

When life feels insecure, we can at least secure your financial future with sensible guidance and support. Speak to our dedicated divorce solicitor at MHHP Law today to get your financial arrangements in order and move towards a stable future.

Divorce & Financial Settlement Advice FAQs

When it comes to dividing up your financial assets after a divorce or dissolution of a civil partnership, it’s essential to consider the following, especially if children are involved:

  • Money
  • Savings
  • Pensions
  • Household contents
  • Cars
  • Life Insurance Policies
  • Property
  • Investments

A financial settlement advisor can help you understand your rights and ensure that your best interests are represented.

Financial settlements in a divorce are affected by a number of factors, including the division of assets and liabilities such as investments, pensions, debts and the length of the marriage, which will all play a role in the settlement. Additionally, prenuptial agreements can be made before the marriage, which may significantly impact the financial settlement in a divorce.

Financial settlements in a divorce are typically determined by negotiation between the divorcing couple and their Solicitors. In some cases, the couple may be able to reach an agreement on their own, while in others, they may need to seek the assistance of a mediator or arbitrator. The final settlement must be fair and reasonable, taking into account the couple’s financial situation and the needs of any children involved.

When determining a financial settlement in a marriage breakdown, several factors are considered, including the couple’s income, assets, debts, and financial needs. The court will also take into account the length of the marriage, the couple’s standard of living during the marriage, and the contributions each spouse made to the marriage (such as through child-rearing or career-building).

The court may also consider other factors, such as the ability of each spouse to earn an income in the future.

Typically, a financial divorce settlement will take 9-12 months. The parties will need this time to negotiate the terms of the financial settlement. Furthermore, if both parties cannot agree on the division of marital assets, then the process may take longer to resolve.

Typically, the applicant is the one who has to pay the court fees. However, many couples split the fee between them, including filing fees and legal costs associated with a divorce. For one of the many family law services we provide, MHHP Law is here to help our clients file their divorce papers.

Family Law

Marriage & Divorce