A divorce financial settlement is where the courts make a Financial Order outlining your settlement and can be achieved either by agreement between you and your former spouse or after a contested hearing.

Your divorce financial claims are normally:

• Property
• Pensions
• Lump sum
• Maintenance
• Sharing assets / transferring assets, i.e. shares, business assets etc
• Sharing liabilities.

A divorce financial settlement is often a two stage process: financial disclosure / valuation evidence and the second stage involves looking at the settlement principles.

In any separation, there is a desire to avoid contested and potentially expensive proceedings and so the parties are advised and indeed required, to investigate all reasonable attempts to mediate and resolve issues accordingly.

This can be done without issuing at Court or after issuing. Either way, once a settlement has been reached, the settlement becomes a binding ‘financial order’.

If you have reached this stage of thinking about a financial settlement, whether you are the husband or the wife, the wealthier or the more financially vulnerable, there are many key questions that you may need answering.

Feel free to call our specialist Family Law and Divorce team for a free, no-obligation informal discussion, and we’ll discuss your particular requirements in greater detail.