Divorce and financial issues

The decision to divorce is one of the most important decisions that you will take in your life. It is vitally important to obtain realistic and practical legal advice about the consequences of who divorces who, the arrangements for your children and your financial prospects at the outset.

At the very least legal advice about your decision can make you feel that you have some control over a very unfamiliar situation and give you some reassurance as to what your long term future may hold following divorce.

Financial consequences of separation and divorce

Regardless as to whether a couple decides to divorce immediately after their decision to separate, there are nearly always negotiations dealing with the financial consequences.

  • In the majority of cases, the parties agree a financial settlement without either of them having to issue an application to the Court and a draft order is lodged with the Court following the decree nisi.
  • Subject to the District Judge's approval, once the arrangements are confirmed by a Court order the agreement is enforceable as a judgment of the Court.
  • Where an agreement cannot be reached, or where one party is not prepared to disclose their financial details to the other, it is sometimes necessary to issue an application to the Court, known as an application for Financial Relief.
  • Even where an application has been issued, most cases are eventually resolved by a subsequent agreement between the parties at some point during the procedure. This removes the uncertainty of a trial and the associated expense.
  • Your attention will probably be concentrated on your children and your financial future and the process of actually obtaining the divorce may seem unclear. We believe that we are here to listen to your concerns and guide you through the court proceedings, without making them seem unnecessarily complicated.

Why choose Furley Page for advice on divorce and financial issues

We are able to offer cost effective advice to clients from a team of solicitors who have developed their own specialism's such as a high net worth financial cases, complex children disputes, collaborative law and advocacy. You will receive clear, high quality and accessible advice.

We understand that costs are a significant issue in any divorce and we provide cost estimates at the very outset of the matter. Costs are reviewed and discussed with you at regular intervals and at each significant stage of your case. Our clients will not receive an unexpected bill at the end of their matter.

 

How can we help you

Call us on

0333 331 9877

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Key Contacts

Divorce and financial issues Rayma Collins

Partner & Head of Family Law

Naomi Hayward

Senior Associate & Collaborative Lawyer