Dealing with Matrimonial Finances

It is often difficult to provide advice on financial matters at the outset, as we are not aware of the whole financial picture.

In most cases, both parties, usually after some negotiation, can come to an agreement about how the financial assets and debts should be split between them. If, however, you cannot come to an agreement, either party can make an application to the Court. The Court then has wide powers to make Orders dealing with property and other financial matters, including, where relevant, pensions.

There are a number of factors which the court will look at, which can adjust a party’s financial settlement. These factors include:

  • The income, earning capacity, property and other financial resources of each party.
  • The financial needs, obligations and responsibilities of each party.
  • The standard of living enjoyed by the family.
  • The age of each party and the duration of the marriage.
  • The physical or mental disability of either party.
  • The contributions each party has made or is likely to make.

Before establishing what settlement both parties are likely to get, it is necessary to obtain full and frank disclosure of both parties’ assets.

This is a complex area through which we will advise you from beginning to end, to ensure you receive a fair settlement.

For more information call us on: 01902 772 500 or contact us.