Finances on Divorce
Our specialist lawyers can provide a full range of support regarding divorce and finances, including:
- Support to reach a financial settlement
- Obtaining a clean break order
- Divorce and pensions advice
- Specialist legal support with divorce and finances (including protecting your finances and suspected non-disclosure of assets)
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Divorce Finance Expertise
When going through a divorce, making financial arrangements is a key concern for both parties. Finances on divorce can be rather complicated, giving rise to a diverse range of circumstances and having a high potential for disputes.
At Tinsdills, we have extensive experience helping couples arrange their finances when getting divorced, offering tailored advice to suit your situation.
We understand that many couples are worried about their finances, whether they’re losing assets or having enough money to cover their children’s living expenses. Rest assured, our team will offer compassionate and practical support while always remaining honest about your options.
All our team members are members of Resolution, a network of family law professionals committed to promoting constructive approaches to family issues. We also have a specialist accredited member of Resolution on our team.
Should it be necessary to apply to the court for a Financial Order, our team can also provide robust representation and carefully tailored support.
In addition to divorce and financial settlements, we also have a range of related expertise, which can be viewed from our main Family Law page.
Initial appointments with our family law team are priced at £165 + VAT. Please note we do not accept Legal Aid enquiries for Family Law work.
To arrange an initial appointment with one of our divorce and finance solicitors in Hanley, Leek, Newcastle-Under-Lyme, or Sandbach, please call 01782 652300 or use the enquiry form.
Our Expertise with Divorce and Finances
Reaching a Financial Settlement
When you get divorced, one of the most pressing tasks is to untangle your finances from your ex-spouse’s. A financial settlement is an agreement establishing how finances will be divided between divorcing spouses. These settlements cover assets, savings, property, pensions, debts, etc.
Whether you and your spouse agree about finances or are in dispute, we can help you disclose your assets and negotiate a voluntary financial agreement.
At Tinsdills, we can help most divorcing couples reach voluntary financial agreements without needing Court processes. In rarer cases where couples cannot reach a voluntary settlement, we can offer support and representation in Court as a last resort.
Please visit our financial settlements page to learn more about financial settlements during divorce.
Clean Break Order
A clean break order is a financial order used to cut financial ties between divorcing spouses. Obtaining a clean break affords both parties financial independence and prevents individuals from making future financial claims against their ex-partner.
Without a clean break order, either party is permitted to raise a claim on their ex-spouses’ assets later down the line, no matter how long since the divorce.
Our expert solicitors at Tinsdills can help clients obtain a clean break order to ensure their finances are well protected, both now and in the future.
Divorce and Pensions
Pensions are covered under marital assets, meaning you may be legally entitled to a portion of your partner’s pension or vice versa. There are various options to handle pensions during a divorce, including:
- Pension offsetting– One spouse waives the right to the other’s pension and gains the right to different and equivalent assets
- Pension sharing – Meaning that a percentage of one spouse’s pension is put into a separate pension scheme to benefit the other spouse
- Pension attachment– The Court orders that one spouse will receive a certain percentage of the other spouse’s pension regularly
Further Advice on Finances and Divorce
As well as advice on financial settlements, child maintenance and pensions, we can also provide specialised advice on the following divorce and finance topics:
- General advice on protecting your finances during a divorce
- Business and divorce advice, including each spouse’s entitlements to joint or individually owned businesses and the options for dividing a business
- Support throughout the financial disclosure process
- Legal assistance if you believe that your spouse is hiding assets or if you’ve been accused of hiding assets
Finances on Divorce FAQs
What Happens to Finances in a Divorce?
When a couple gets divorced, their finances are split according to their specific situation. If they cannot agree on something, the parting couple will need to make a voluntary financial settlement or apply to the court for assistance.
A financial settlement covers all matrimonial assets, which usually include property, savings, assets, pensions, and businesses. While a 50/50 split is a theoretical starting point, it is rather rare that finances are shared equally.
The Court makes various considerations to determine a fair settlement, including:
- Contributions to the marriage, both financial and non-financial
- The earning capacity of both spouses
- How long they have been married
Do You Have to Declare Finances in a Divorce?
Yes, it is a legal requirement that both parties fully disclose their finances to reach a financial settlement.
Attempting to hide assets could land you in legal trouble and give your ex-spouse the right to raise a financial claim against you later on.
If you believe that your spouse is hiding assets or you have been accused of doing so, please get in touch with our divorce lawyers for assistance.
How Do I Protect My Finances in a Divorce?
It is advisable to work with an expert divorce and finances solicitor to protect your finances in a divorce. Our specialists at Tinsdills can offer bespoke advice, help you realise your needs, and guide you to make financial arrangements that protect your interests.
If you are happily married yet would like to protect your financial interests in the event of a divorce, we can help you to create a post-nuptial agreement. For more information, please see our post-nuptial agreements page.
Why Tinsdills is the legal team for you
Ranked top 20 out of more than 11,000 solicitor firms in the UK.
Would recommend to friends and family
Satisfied with outcome of matter
Get in Touch With Our Divorce and Finance Solicitors Today
Do you want to discuss divorce and finances further? We have expertise in this area and more.
With a dedicated team on hand to guide you through every step of the process, you can rest assured that we will give you the best chance of achieving the outcome you want.
Initial appointments with our family law team are priced at £165 + VAT. Please note we do not accept Legal Aid enquiries for Family Law work.
To arrange an appointment with one of our divorce and finance solicitors in Hanley, Leek, Newcastle-Under-Lyme, or Sandbach, please call