29
Jan 2019
Financial Settlements On Divorce
Unfortunately, divorce has a greater impact on our day to day lives than we often initially imagine. The majority of couples who are wanting to divorce have some matrimonial assets that need to be addressed, such as joint bank accounts and savings, jointly owned property, not forgetting joint debts. This understandably can leave individuals in a financially vulnerable position. It is therefore essential that measures are taken to ensure that you and your family are protected financially.
One of the most common questions we get asked in the department is “do I have to go to Court to sort out my finances?” In short, the answer is no, not necessarily. In all cases we strongly encourage alternative methods of dispute resolution where possible, for example, negotiation and mediation. These are highly effective in many cases and can help resolve disputes without the bitterness and hostility that can arise from divorce proceedings. Our family law team appreciate however that sadly this is not always possible and that sometimes, further action is necessary. Whilst court is a last resort, it can efficiently resolve disputes where for some; there appears to be no end in sight. Whatever your circumstances, it is crucial that you receive advice about your situation early on in your divorce to help you move forward and make plans for the future.
It’s important to receive advice which is tailored the needs of you and your family. Our team of family law experts have experience in a variety of cases ranging from those with modest assets to high value and complex assets such as businesses, high value pensions and trust assets. For advice on financial matters, or any other family law matter, contact us on 0800 015 0340 to arrange an initial free half hour appointment with one of experts at any of our offices.
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