Family Law Finances on Divorce or Dissolution

Finances on Divorce or Dissolution

We can help you try and resolve matters as quickly and amicably as possible and will always aim to keep costs at a minimum.

When you legally end your marriage or civil partnership through divorce or dissolution proceedings, finances between you and your former spouse aren’t automatically resolved as well. It’s important to resolve your finances at the same time as your divorce or dissolution to avoid potential issues in the future.

What happens if you agree a settlement?

The cheapest and often quickest way of resolving your finances is to reach an agreement between yourselves as to how your assets will be divided. Your agreement can then be formalised in a court order to make it legally binding so that if any part of the agreement is not upheld, steps can be taken to enforce the order. It will also protect you in the future as once an order has been made, your former spouse cannot make a further claim against you in the future should you come into money.

If you have reached an agreement this can be put into a draft order that is sent to the court for approval and you won’t usually have to attend a hearing. The Court does not have to approve an order and has a number of factors to consider when determining whether or not the order is fair and reasonable.

We can assist with preparing the draft order and submitting it to the court for a fixed fee of £600 plus VAT. In addition to our fees, you'll also need to pay a court fee of £53 (unless you’re eligible for help with fees).

What happens if your can’t agree a settlement?

If you aren’t able to agree how your finances will be resolved directly, there are various options available to you. These include attending family mediation, instructing us to assist you in negotiating settlement proposals or making an application to the court for a financial order.

If it becomes necessary for you to apply to the court for a financial order as you cannot reach an agreement with your former spouse, this process can take between 12 to 18 months to be resolved but throughout the proceedings attempts can be made to try and reach an agreement and this is encouraged by the court.

We can help you try and resolve matters as quickly and amicably as possible and will always aim to keep costs at a minimum. Our costs will be charged at our hourly rate of £190 plus VAT.

Get in touch with our team today

01706 644187


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