Financial Arrangements Solicitors in Sidcup, Bexley and Kent
Married couples are likely to have assets, some in joint names and some in their own individual names which need to be settled within divorce proceedings.
Often parties can agree how to divide the assets from the marriage. However, it is important that divorcing couples know and understand the legal implications of divorce, their rights and responsibilities.
Even once a married couple has divorced, in theory both parties have the following claims against the other which could ultimately end up being for the Court to decide:-
- a claim for maintenance;
- a claim against any assets that either of you may have now or will have in the future;
- a possible claim to transfer the title on the Family home; and
- in the event of either party dying, a claim against the Estate of the deceased.
These claims can be dismissed by preparing a Consent Order incorporating clean break terms that both parties sign.
Our team can advise you on the merits of entering into a Consent Order and can draft suitable Consent Order documentation that set out how the assets should be divided.
If a divorcing couple is not able to reach an agreement about how to divide the assets, they will need help to reach a settlement. Our team is experienced in negotiating settlements, advising on a collaborative approach, mediation and finally Court proceedings, where necessary.
If you want more advice on children issues, please feel free to speak in confidence to one to one of our team or send us a query via our website, or email us
Our service includes:
- a free 30 minute initial interview;
- advice on the effect of the income, earning capacity, property and other financial resources which each party to the marriage has or is likely to have in the foreseeable future, including in the case of earning capacity any increase in that capacity which it would, in the opinion of the Court, be reasonable to expect a party to the marriage to take steps to acquire;
- advice on the effect of the financial needs, obligations and responsibilities which each party to the marriage has or is likely to have in the foreseeable future;
- advice on the effect of the standard of living enjoyed by the family before the breakdown of the marriage;
- advice on the effect of the age of each party to the marriage and the duration of the marriage;
- advice on the effect of any physical or mental disability of each party to the marriage;
- advice on the effect of the contributions which each party has made or is likely in the foreseeable future to make to the welfare of the family; including any contribution by looking after the home or caring for the family;
- advice on the effect of the conduct of each party (which tends only to be relevant in exceptional circumstances).
- advice where parties cannot reach an agreement and it proves necessary to apply to the Court for ancillary relief.
- advice about the Court procedure
- organising representation for you at Court
- providing advice on the best possible settlement.