Divorce and Financial Settlement Solicitors

The time it takes to get a financial settlement will ultimately depend on the individual circumstances of the divorce. In theory, if you have a simple financial situation or yourself and your former partner are amicable and you can come to a voluntary agreement, you could be able to reach an arrangement within a matter of months.

However, if your financial situation is more complex, or you need to apply to the Court for a Financial Order, it can take much longer.

The family home is, understandably, a point of contention in many divorces. Whether you own your home together, or one party owns it outright, it is treated as a marital asset and forms a part of the divorce settlement.

How the family home is divided depends on the individual circumstances, but common resolutions include:

• One party buying out the other to keep the home
• One party keeping the home and the other taking a larger share of other assets
• The home is sold and the money is split in accordance with any agreement reached

Pension assets are treated as matrimonial assets, which means that you may be entitled to a share of your former partner’s pension. Pensions are often dealt with through various methods, such as:

• Pension offsetting – You surrender your right to your former partner’s pension in exchange for other equivalent assets.
• Pension sharing – A percentage of your spouse’s pension pot is placed into a separate pension scheme for your sole benefit.
• Pension attachment – It is ordered by the court that you will receive a percentage of your partner’s pension on a regular basis. This is much less common.

The legal fees involved in arranging a financial settlement may vary depending on the scale of the work that needs to be carried out by your legal team.

You will be able to get a better understanding of the potential legal fees for your case during an initial meeting with a member of our team. Initial consultations are priced at £125+VAT.