When a relationship breaks down it is often necessary to consider how the family finances are going to be divided and shared. There will probably be both short and long term considerations and these can seem overwhelming and complicated at a time that is already very stressful.
At Burley Geach we know that your priority will be to reach a fair agreement as quickly and painlessly as possible. All of our specialist family solicitors are members of Resolution which means we are committed to a code of practice whereby we assist our clients in finding resolutions in a constructive and cost efficient way.
Helping you through the process
Our experts will carefully guide you through the process by breaking it down into manageable stages. There are several different options in how you address financial matters and we will explain the different procedures available to you. No two situations are the same and it may be that you have already been able to reach an agreement with your ex-partner and simply require assistance in making that agreement legally binding. It may be that you require assistance in gathering information about the assets so you can then make an informed assessment as to how they can fairly be divided.
There are a number of different matters to consider when assessing financial arrangements after a relationship breakdown, for example:
- Immediate financial concerns, how to manage in the short term
- Property issues, what will happen to the family home, holiday homes or investment properties
- Long term financial support or maintenance, how much will be paid and for how long
- How to divide savings, shares or particular items
- How to value and share pensions
- How to deal with a family business
The law stipulates a number of factors that must be taken into account when considering how to deal with family finances after a divorce. We will advise you on how these factors apply to your particular circumstances, ensuring that the first consideration is the welfare of any children.
Keeping your interests protected
Once a financial agreement has been reached, whether it be through negotiation, mediation, the collaborative law process or court proceedings we will ensure that a legally binding document is prepared to record the agreement so there can be no confusion in the future.
If you would like to discuss your particular circumstances with one of our advisers please do not hesitate to contact your local office.