Mon - Fri 8:30am - 7pm | Sat - Sun 9am - 5pm
Call local rate
Call us: Mon - Fri 8:30am - 7pm, Sat - Sun 9am - 5pm
Free callback available 7 days a week
Mon - Fri 8:30am - 7pm | Sat - Sun 9am - 5pm
Getting you settled is as important as a good settlement
We help keep things simple by making the legal side easier to understand, reducing the jargon and giving you a clear and accurate picture of your financial position.
read moreOur expert divorce lawyers guide will help you through this process with the care and attention it needs and the information required to make well-informed decisions about your financial security today and in the future.
Along with our in-house accountants and a network of Independent Financial Advisers, pension experts, business valuation experts, property experts and budget planners, you can be reassured you will get the tailored approach you need.
Key divorce finances information
|
What is a prenuptial agreement? |
Also known as ‘prenups’, prenuptial agreements are written contracts that couples can enter before marriage or civil union. The prenup outlines ownership of money, assets, or property and what will happen to them in the case of divorce or dissolution. |
|
How does spousal maintenance work? |
Different to child maintenance, spousal maintenance is a payment from one former spouse to another after divorce. The amount can change at any time and should be decided based on financial needs and income. A divorce lawyer can help you come to an agreement on how much spousal maintenance should be paid out of court. |
|
What is a freezing order? |
Commonly used in divorce or dissolution cases, freezing orders prevent one spouse from disposing of assets until a case is resolved. This protects the other part from missing out on assets they may have matrimonial claim over. |
Our financial family law services
Use the calculator
What is covered in the financial settlement?
A financial settlement is an agreement designed to sort out any financial issues and fairly separate your assets once the marriage is over.
It can include:
- Money – savings, investments and life insurance policies
- Property – the family home and any property owned individually
- Household contents
- Cars
- Pensions
- Businesses
- Personal items (Valued at over £500 must be disclosed)
- Debts, loans and credit cards
There are several ways to reach a financial settlement, from an agreement between the couple and a lawyer drafting a legally binding document to a series of court hearings. Our expert lawyers can advise on the right approach to take for your situation.
We offer an award winning service
How are finances split in a divorce?
Finances in a divorce are typically split based on principles of fairness and need. Couples are encouraged to negotiate and reach a financial settlement either independently or with the assistance of mediators or solicitors.
read moreFactors considered include the financial needs and responsibilities of each spouse, the length of the marriage, the standard of living during the marriage, contributions to the marriage (financial and non-financial), and any special needs such as childcare responsibilities or health issues. The division may involve splitting assets such as property, savings, pensions, and investments, as well as allocating ongoing financial support.
-
How long do divorce financial settlements take?
The duration of divorce financial settlements can vary significantly depending on factors such as the complexity of assets, whether the divorce is contested or uncontested, and how quickly agreements are reached. In straightforward cases where couples can agree on financial matters, settlements may be finalised within a few months. However, more complex cases involving high-value assets, disagreements over property or pensions, or disputes regarding income may take considerably longer, potentially extending over several months or even years if court proceedings are required.
-
What happens to finances during a divorce?
In a divorce, finances are scrutinised to determine a fair and equitable division. This process involves assessing all assets, liabilities, income, and expenses of both parties. Assets acquired during the marriage are typically considered marital property and subject to division. Debts accumulated during the marriage may also need to be addressed. Financial arrangements can be settled through negotiation, mediation, or court proceedings, if necessary, with the aim of achieving a financial settlement that meets the needs of both parties and any dependent children.
If you are discussing potential financial settlements with your ex partner then early specialist legal advice is invaluable because the law is discreationary and not easy to navigate. You need to ensure that your settlement paramaters are fair and can be enforced.
Meet our expert divorce finance solicitors
Why choose Stowe Family Law for your divorce finances?
- As the only national law firm fully dedicated to family matters, our expert team offers professional advice so you can make a fully informed decision about your divorce.
- We are proud to be rated ‘Excellent’ on Trustpilot. Check out our reviews to see what our previous clients have said about our service.
- We feature in The Legal 500 rankings and are fully authorised and regulated by the Solicitors Regulation Authority (SRA).
- We keep you informed. Take a look at our support section, which features a range of helpful guides focusing on important topics including finances and mediation.
Get
more
advice
more
advice
Close
Newsletter Sign Up
Sign up for advice on divorce and relationships from our lawyers, divorce coaches and relationship experts.
Privacy Policy