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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.

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.

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0330 056 3171

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Liza is based in our Winchester & Southampton offices and is experienced in divorce, financial matters, and legal issues issues involving children.

Date last reviewed: 05/06/2024

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