Reaching a financial settlement on Divorce

Depending on your situation, reaching a financial divorce settlement can be complicated.

As one of the leading divorce teams in the UK, we can help resolve any kind of financial dispute. We have an unrivalled reputation for combining excellent negotiation and mediation skills with tough litigation expertise and can handle the most intricate of financial affairs. We can act on your behalf if you are a claimant or a defendant and can advise on the division of companies, partnerships, agricultural assets, off-shore investments and trusts, commercial and international property.

How to reach a financial divorce settlement

There are various options possible:

• Voluntary disclosure
  This is where both parties agree to voluntarily disclose financial information – including bank statements, payslips, P60’s and pension valuations. You can then usually reach a negotiated settlement through solicitors, which can then be converted into a court order. Only an order made by the court during divorce proceedings constitutes a final and binding agreement. Orders can be made by the court without the need for any attendance at the court itself. 
  Reaching a financial settlement excluding court involvement

• Court Procedure
  If you or the other party are not willing to voluntarily disclose financial details, an application can be made to the court to timetable the financial process. This is known as a ‘financial remedy’ and can take at least 12 months from beginning to end. This at least guarantees progress will be made. Negotiations usually continue throughout the court process and, as soon as an agreement is reached, a court order can be made and the court timetable is automatically brought to an en
  How to reach a financial settlement including court involvement

• Collaborative law and mediation
  A relatively new process to the UK, collaborative law involves negotiations in a four way meeting between you, your spouse and both solicitors. You will enter into a binding agreement that commits you to reaching a financial settlement and prevents any applications to court. The negotiations should focus upon the wishes and needs of you both and your children. Once an agreement has been reached a court order can be made, without the need to attend court itself

Interim Financial Arrangements

We can also help with interim financial agreements if your spouse is failing to support you financially. We will make an emergency application to the court for a ‘maintenance pending suit’. This is a court order, which requires your spouse to pay you a fixed monthly sum until the divorce is brought to a conclusion.

If there is a risk that your spouse may be trying to hide or dispose of assets, we can also make orders for injunctions, freezing any assets until the divorce has been concluded. The court will only make injunction orders where there is a good reason to do so.

Free, honest advice

Contact us on 0800 840 4929 to discuss your divorce with an experienced family law solicitor. We’ll be able to talk you through the process in more detail and answer any questions you may have.

We can also offer you a range of online fixed price divorce services, tailored to suit your needs and budget.