Divorce Financial Settlement
There are a number of financial and property issues which need to be considered following a separation or divorce and Berwins can provide you with expert advice to make the process as simple and painless as possible.
Sorting out both immediate and future financial matters can be a daunting process, but we are here to assist you reach an agreement and will work to achieve the best outcome for you and your family.
Divorce and finances
To reach a divorce financial settlement, the income and assets of both parties must first be quantified and a decision much be made on the future requirements of each individual and any children they may have.
Financial settlements take into account a number of factors, including:
- The family home
- Savings and pensions
- Spousal maintenance
- Child support needs
- Business interests and investments
- Immediate financial concerns
- The financial contribution made by each party
Pensions and marriage breakdown
A pension fund is often the second largest asset to be taken into consideration during a divorce settlement, after the marital home.
Regulations surrounding pensions are very complex and numerous factors can contribute to the outcome of a court settlement, so we will work closely with you to ensure you are properly advised and more likely to achieve the best outcome for your and your family’s future.
How we can help
Negotiating a settlement in divorce can be a complex task, but we aim to assist couples in reaching an agreement without having to go to court. Taking this approach can help to reduce the legal fees incurred on both sides.
Although if neither party can reach an agreement, it will be necessary to take the case to court and as such, this will give the court control over the outcome of the settlement.
To discuss matters relating to divorce and finances further, get in touch with a member of Berwins’ family team on 01423 543108, or email Family@berwins.co.uk.