Divorce Financial Settlements

When a marriage or civil partnership comes to an end, resolving your financial arrangements can be one of the most important parts of the separation process. Understanding what you may be entitled to, what will happen to your assets and how you can achieve financial certainty for the future can help you make informed decisions at a difficult time.

At Bridge McFarland LLP, our team of family law solicitors provide clear, practical advice on financial matters arising from divorce and civil partnership dissolution. We can help you understand your financial position, consider the options available and work towards a settlement that reflects your individual circumstances.

Financial Settlements on Divorce

Divorce or civil partnership dissolution does not automatically resolve the financial issues between you and your former partner. It is therefore important to consider your finances separately and take appropriate steps to formalise any agreement reached.

A financial settlement can take into account a wide range of assets and financial resources, including your family home and other property, savings, investments, pensions, income and business interests.

Every family’s financial circumstances are different. The most appropriate outcome will depend on a range of factors, and our solicitors can advise you on how these may apply to your situation.

An important part of reaching a financial settlement is understanding the financial position of both parties. We can guide you through the process of gathering and presenting financial disclosure and advise on any further information or valuations that may be required.

How We Can Help with Finances on Divorce

Financial matters can range from relatively straightforward arrangements to cases involving substantial or complex assets.

Our specialist solicitors can help with all aspects of resolving finances following divorce or dissolution, including:

• Pensions on Divorce
• How Finances Are Divided
• Business Assets on Divorce

We can advise you on how assets may be treated and divided when a relationship ends and the factors that may be taken into consideration when determining an appropriate financial settlement.

Pensions can represent a significant proportion of a couple’s overall wealth, particularly following a long marriage. Our solicitors can help you understand how pensions may be considered as part of a divorce settlement and the options available for dealing with pension assets.

Where one or both parties own a business or have an interest in a company, additional considerations may arise. We can advise on how business interests fit into the wider financial settlement and whether further information or specialist valuation evidence may be required.

Our team can also assist with the valuation of other assets, including property and trusts, and advise on possible terms of settlement based on your individual financial circumstances.

Understanding Your Financial Position

Before deciding how finances should be divided, it is important to establish a clear picture of the assets, liabilities, income and other financial resources involved.

We will guide you on the relevant paperwork and information you need to gather as part of the financial disclosure process. If information is unavailable or there are difficulties obtaining the necessary documentation, we can advise on the steps that may be available.

Once the financial position is understood, we can explain the potential options for settlement and help you consider their short and longer-term implications.

Our aim is to provide you with practical advice so that you understand not only the immediate financial consequences of your separation, but also how the decisions you make may affect your future.

Reaching a Financial Agreement

Where possible, we will work with you to find a straightforward and collaborative solution and minimise unnecessary conflict.

Financial arrangements can often be resolved through negotiation or other forms of Alternative Dispute Resolution. Where an agreement is reached, it is important to consider how this should be formally recorded so that both parties have greater certainty about their financial position going forward.

If negotiations are unsuccessful or an alternative approach is not appropriate for your circumstances, our family law solicitors can advise and assist you through the court process.

Whatever route is required, we will explain the options available and support you throughout the process of resolving your finances.

Financial Matters as Part of Divorce and Family Law

Financial arrangements often form part of a wider relationship breakdown, and you may require advice on other family law issues at the same time.

Our Divorce and Separation team can advise on the legal process of ending a marriage or civil partnership, while our Child Law team can assist where arrangements concerning children also need to be resolved.

We will consider these interconnected issues and provide advice that takes account of your overall circumstances rather than looking at your financial settlement in isolation.

Financial Settlement Solicitors in Lincolnshire and East Yorkshire

Our experienced family law solicitors advise clients across Lincolnshire and East Yorkshire on financial matters arising from divorce and separation.

Whether your circumstances are relatively straightforward or involve more complex assets, we will take the time to understand your financial position and priorities before advising you on the most appropriate way forward.

If you need advice about finances following divorce, separation or civil partnership dissolution, speak to our experienced family law team.

Contact Bridge McFarland LLP today at enquiries@bmcf.co.uk or call 0800 987 8800 to discuss your circumstances and find out how we can help.

Other Legal Services

We can also provide specialist legal advice on other areas of law that may be relevant when dealing with a divorce or separation, such as Wills, Lasting Powers of Attorney, Estate Management, and Conveyancing.

Frequently Asked Questions about Financial Settlements