The Courts have a wide discretion as to how they distribute the income and assets of parties following a divorce or dissolution of a civil partnership. No case is ever the same and it is important for both parties to have legal advice from the outset.
It is open to the parties to reach an agreement about their finances on their own, but most couples need some advice as to the fairness of any agreement reached and assistance with preparing the necessary documents to be sent to the Court.
Many couples do not manage to come to an agreement and that is where specialist advice is needed. We understand that the breakdown of a relationship is a traumatic experience and it can be almost impossible to see a way through and agree a fair division of assets. We know that no matter what the circumstances there is always a solution.
What is matrimonial finance?
Matrimonial finance is the financial settlement (divorce settlement) of matrimonial assets between divorcing couples. It used to referred to as ancillary relief.
What does the Court consider when making a decision?
The Court will take a number of factors into account when considering how to divide the assets. At the top of that list are the needs of any children of the marriage and second to those needs are the needs of the parties themselves, but there are other relevant factors, for example the age of the parties, the length of marriage and any contribution made by the parties before marriage.
How can we help?
Negotiating a settlement is a skilled and often complex task. In all cases we will draw on our own experience and that of other trusted professionals we have built relationship with to reach the right settlement for you, that could involve forensic accountants, barristers, life coaches, valuers, mediators and other professionals. We will try and avoid lengthy and costly Court proceedings but we are not afraid to litigate if necessary and will help you make that judgement call should we feel that Court may be in your best interests.
Allard Bailey specialises in matrimonial finance and divorce settlements. Speak confidentially to our team of London-based lawyers today on 020 7993 2936 or visit here.
| Matrimonial Finance and Divorce Updates |
| 16 Dec 2019: 12 days of a Healthy Christmas Divorce |
| 19 Sep 2019: 5 Things to Consider When you are Thinking About Divorce |