Financial Relief
The dissolution of a marriage inevitably brings to the fore concerns regarding the equitable division of financial assets and responsibilities. This complex terrain, comprising the allocation of properties, investments, pensions, and various other assets accrued over the duration of the marriage, necessitates professional legal guidance to ensure an outcome that is fair and just for all parties involved. Louisa Rose Solicitors excel in providing tailored advice and support during these challenging times, making the pursuit of financial relief during divorce a less daunting endeavour.
Understanding that every marriage is unique, with its specific financial intricacies, our team meticulously analyses the marital assets, ensuring a comprehensive financial disclosure is achieved. This process is pivotal in determining a settlement that accurately reflects the contributions of both parties and addresses their future needs, particularly when children are involved. Our approach is grounded in fairness and the pursuit of a resolution that safeguards the financial security of our clients and their dependants.
In addition to asset division, Louisa Rose Solicitors place a significant emphasis on the consideration of spousal and child maintenance, exploring all avenues to arrive at an agreement that facilitates a stable transition to post-divorce life. Recognising the potential for future financial changes, we also advise on the inclusion of provisions within the settlement that allow for adjustments, ensuring that the agreement remains relevant and sustainable over time.
Moreover, our expertise extends to the negotiation of settlements that avoid the adversarial nature of court proceedings wherever possible. By advocating for mediation and alternative dispute resolution methods, we aim to foster a constructive dialogue between parties, thereby minimising conflict and the emotional strain associated with legal battles over financial matters. This collaborative approach not only expedites the process but also contributes to more amicable post-divorce relationships, an aspect particularly beneficial for families with children.
At Louisa Rose Solicitors, our commitment is to navigate you through the legal process with compassion, integrity, and professionalism, ensuring that your financial interests are protected and that the outcome of your divorce places you on a firm footing for the future.
Upon divorcing, the biggest problem is the distribution of the wealth. One of the main difficulties divorcing couples face is working out how their assets will be divided when they divorce.
Using a divorce financial settlement calculator can seem like an easy way to determine what you may be entitled to.
However, while a divorce financial settlement calculator may be able to give you a rough idea of what you could expect to receive when you divorce; it is no replacement for advice from an experienced divorce solicitor.
The fundamental problem with a divorce financial settlement calculator is that there are no hard and fast rules which dictate what should happen to a couple’s assets when they divorce.
Every marriage has its own unique set of circumstances and finances and, as such, what is considered to be a fair financial settlement will be different for everyone.Even though there are divorce financial settlement calculators available online, if you read the small print, you will see that they are only designed to give you a rough idea of what to expect.
None of them (or none of the reputable divorce financial settlement calculators) purport to be able to replace the advice of a solicitor. Indeed, many of the divorce financial settlement calculators strongly advise you to seek advice from a divorce solicitor.
This is why you need to contact us to deal with your financial settlement, so you don’t end up getting less than what you deserve financially.
Court decision/wealth division
If a divorcing couple are unable to reach a financial settlement, it may be necessary to ask a court to decide how the assets will be divided upon divorce.
When considering a fair split, the court will take into account a range of factors, called the ‘Section 25’ factors. These are known as such because they come from Section 25 of the Matrimonial Causes Act 1973.
The Section 25 factors include:
- The income and earning capacity of each party
- The standard of living enjoyed by the family before the breakdown of the marriage
- The length of the marriage and the age of both parties
- The contributions which each of the parties has made or is likely in the foreseeable future to make to the welfare of the family
Anyone going through a divorce is strongly advised to get independent legal advice from a specialist divorce solicitor, such as Louisa Rose Solicitors
Divorce property settlement
This is one of the most important elements in the financial settlement.
Not only is the family home often one of the most valuable assets from a financial viewpoint, it usually holds a great deal of sentimental value for both parties. This means that reaching a divorce property settlement can often be the most difficult part of the financial settlement negotiations.
Divorcing couples can agree to a divorce property settlement between them. However, even if a couple intend to reach a divorce property settlement without any external help, we would strongly advise that each party seeks independent legal advice from a divorce solicitor, in order to ensure that when discussions begin, both parties fully understand their legal rights and what they may be entitled to.
For many people, conducting discussions about the divorce property settlement can be tough. Emotions are often running high following a relationship breakdown and even those who broke up on the most friendly of terms, can find the subsequent financial discussions hard.
Collaborative law for Property settlement
Collaborative law works by getting both parties and their respective solicitors together in a meeting room, with the aim of discussing the divorce property settlement (as well as other contentious issues) and reaching an agreement.
Divorce property settlement
Normally, asking a court to decide your financial settlement should be viewed as a last resort. However, if a couple are unable to reach an agreement about the divorce property settlement, Louisa Rose Solicitors Experts can help you to apply to the court for a financial order.
When deciding your financial settlement, the court will take into account various factors such as:
- How long you have been married
- Your money and property
- Your standard of living
- Your income and earning capacity
As part of the divorce property settlement, the court may, for example, order that the house be sold and the equity be divided between both parties.
Alternatively, the court may order that the sale of the property be deferred until a specific event takes place (the last child reaching 18).
What a divorce property settlement will look like will depend on what is fair, as well as the needs of all parties.
Louisa Rose Solicitors has a team of experienced legal experts, who can guide you through the complex and lengthy process. The team will handle each and every process for you. We offer high quality service at a reasonable price. Without any further delay, contact us and your problem will be dealt with superior priority.