Divorce Financial Settlements Solicitors in London – Family Law Partners

Divorce Financial Settlements Solicitors in London

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Specialist legal support for divorcing couples in London

At Family Law Partners, we understand the emotional challenge of divorce, particularly surrounding the division of finances. Our divorce financial settlement solicitors in London will handle every legal step on your behalf, obtaining a settlement that entirely suits you.

The family law team includes Farhana Shahzady, Emilie Helm, Trisha Siddique, Rosa Schofield and Hattie Gibson, with a wealth of collective experience covering all types of divorce financial settlements in London, from high assets to other contentious and complicated matters.

Our divorce financial settlement services in London

Phone: 020 3301 3276

Address: 56 Queen Anne Street, London, W1G 8LA

Email: [email protected]

Our award-winning team

Our outstanding family lawyers in London are acknowledged experts recognised for their expertise through a number of external awards and accreditations, including by Resolution, Chambers UK, Legal 500 and the Law Society. We were also winners of the Medium Law Firm of the Year award at the Law Society Excellence Awards, a memorable and proud moment for our firm and its history.

We’re here to guide and support you.

We recognise no two divorces are the same. When we support you with your divorce financial settlement, we tailor our advice and guidance to you. We will take the time to know you and discuss your options on an initial call with a member of our team. There is no obligation to move forward unless you are happy our team can best support you.

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Our London divorce financial settlement lawyers’ fees

Our firm offers a range of flexible funding options to cover our divorce financial settlement service fees, including Agreed Fees and Litigation Funding where most appropriate. For more information, please get in touch with a member of our team.

Voluntary divorce financial settlement

It’s essential to recognise that a divorce does not sever the financial link a married couple has. Our solicitors in London can support you in agreeing with your ex-spouse on a division of finances that best suits you and ensures your every need is met. We will help to protect your finances and give you the best chance of moving forward with your life.

Instructing our firm for your divorce financial settlement agreement in London means working with a close-knit team of lawyers who will make sure we get exactly the right outcome for your situation. We will assess your financial position, understand your needs and support you with negotiating and drafting a voluntary divorce financial settlement that clearly sets out your agreed terms.

We have extensive expertise in assisting clients through methods of alternative dispute resolution, working proactively to find a collaborative outcome and preventing the situation from escalating out of control. We regularly achieve financial agreements in divorce through private negotiation, family mediation, collaborative law and arbitration.

We are further able to assist with pre-drafted settlements, reviewing the contents and, based on our understanding of your circumstances and financial position, advising on whether the agreement best fits your interests.

Financial consent orders

Agreeing to a voluntary divorce financial settlement does not make the terms legally binding. It is only an agreement between both parties. This means that there is no legal protection for your finances. The only way to make your agreement legally binding is by submitting a financial consent order to the court to review and approve.

Our divorce financial settlement solicitors in London can check over your agreed divorce financial settlement, assessing where you stand and what you are entitled to.

Should the court reject or require further information concerning the financial consent order, for example, where the terms could be considered unfair, we will assist you in following up with the court with clear reasoning to support this.

Divorce financial order

While most divisions of finances can be resolved amicably, some divorcing couples may not be able to come to an agreement on how their finances will be split. In situations like these, the support and expertise of a court may be better suited, where a judge will assess the situation and each party’s arguments before making a legally binding decision.

Our solicitors in London have a strong track record of supporting clients in a court setting, helping to prepare cases and providing evidence to support this. We understand the daunting prospect of attending court. Our expertise can help streamline the process and keep stress levels to a minimum. With our seasoned knowledge and hands-on experience, you can be confident in achieving the best possible outcome for your interests.

Divorce financial settlement FAQs

What am I entitled to in a divorce settlement?

Generally, most divorce financial settlements start at a 50/50 split, but depending on the circumstances and the involved assets, this may change. During the split of finances, the court wants to ensure that each party’s needs are met, including those of any children in relation to the marriage.

The court will take into account factors from section 25 of the Matrimonial Causes Act 1973, including:

  • The income, earning capacity and financial resources each party to the marriage has or is likely to have in the foreseeable future
  • The financial needs, obligations and responsibilities each party to the marriage has or is likely to have in the foreseeable future
  • The standard of living the couple enjoyed during the marriage
  • Any physical or mental disability experienced by either party
  • The contributions made by each party towards the marriage and the welfare of the family. This includes both financial and non-financial contributions
  • Benefits either party will lose due to the divorce
  • The financial needs and welfare of any children

Who gets what in a divorce settlement?

There is no specific guideline of who gets what in a UK divorce financial settlement. This often comes down to the divorcing couple’s personal circumstances and if they have come to a voluntary financial settlement or if they need a court to decide on their behalf.

For example, one party may keep the family home because they are the primary caregiver of the children, but in cases like this, the other party’s accommodation needs will need to be met, meaning they may keep other assets to account for this.

Can you divorce without a financial settlement?

You can still divorce without a divorce settlement, but the final order does not sever the financial link you have to your ex-spouse. The only way to ensure you are no longer financially linked and will not face any future claims from your ex-spouse is by obtaining a financial consent order including a clean break provision from the court.

How are pensions split in a divorce?

Pensions are often included in divorce financial settlements and can be split in three different ways. These include:

Pension sharing

Pension sharing is a court-appointed pension sharing order where one person transfers part of their pension to their ex-spouse, often in the same scheme or by setting up a new scheme.

Pension offsetting

Pension offsetting is the process of offsetting a similar valued asset against your pension. An example of this could be one spouse keeping their pension in exchange for the family home.

Pension attachment

When one party reaches their pension age, a pension attachment order, sometimes referred to as ‘pension earmarking’ will require them to send a portion of monthly payments to their spouse. This can be done as a lump sum. Pension attachment is rarely used for financial settlements on divorce in the UK as it means keeping an ongoing financial link between the spouses, which most people prefer to avoid.

What is a clean break divorce financial settlement?

A ‘clean break’ in divorce means that the financial ties between the two ex-spouses are completely severed. This is achieved through applying to a court for a clean break order, which should normally be included as a provision when applying for a consent order to formalise the terms of your settlement.

Getting a clean break on divorce is really important as it prevents any future claim on your assets from your former spouse. Without a clean break, your ex-spouse can potentially make a claim at any future point, even many years after you have divorced. This is why it is always worth getting a clean break order, even if you do not have substantial assets now.

Insights for divorcing couples from our expert divorce settlement solicitors in London

Taking care of you emotionally and practically

We are one of the only family law teams to have a Family Consultant within our team. Find out what this means for you and your family.

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You have more choices than you might think

We are committed to advising you of all the options available to you, and (unlike other family lawyers) will support you with solutions that avoid the traditional court process.

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