Securing Fair and Equitable Financial Settlements
Financial Settlements
Financial settlements are a pivotal aspect of divorce, particularly when significant assets, investments, and complex financial portfolios are at stake.
Navigating this process requires a strategic approach to ensure that wealth is preserved and fairly distributed, aligning with your long-term financial goals.
At Specters Solicitors, we specialise in managing high-value financial settlements, offering expert guidance to protect your interests and secure an outcome that reflects your financial priorities. Our bespoke service is designed to address the intricacies of your financial landscape, providing clarity and confidence during what can be a challenging time.
What can be included in a financial settlement?
Below are the critical components that can be addressed in a financial settlement, ensuring a sophisticated and equitable division of wealth and responsibilities during a divorce:
• Division of property
• Spousal maintenance
• Division of investments and savings
• Business interests
• Future earnings and bonuses
• Tax implications
• Pension sharing
• Debts and liabilities
• Child maintenance
• Inheritance and trusts
• Insurance policies
• Legal fees
Factors that affect a financial settlement
The outcome of a financial settlement in divorce is influenced by a range of factors, each carefully considered to ensure a fair and equitable division of assets. Key among these are:
- Length of the marriage
- Financial contributions
- Future financial needs
- Earning capacity
- Presence of children
- Standard of living
- Pre-marital & inherited assets
At Specters Solicitors, we provide expert guidance on how these factors may influence your financial settlement, ensuring that your interests are comprehensively protected and the outcome aligns with your financial goals.
Our financial settlement solicitors
Frequently asked questions
What if my spouse is hiding assets?
If you suspect your spouse is hiding assets, it’s crucial to seek legal advice. Courts have the power to investigate and require full disclosure of all financial assets. Hidden assets can be uncovered through forensic accounting and other legal measures.
Can a financial settlement be changed after the divorce is finalised?
In general, once a financial settlement is finalised and approved by the court, it is binding. However, in rare cases, it may be possible to reopen a settlement if there has been a significant change in circumstances or if one party failed to disclose key assets.
Will I have to go to court to get a financial settlement?
Not necessarily. Many financial settlements are reached through negotiation or mediation. However, if an agreement cannot be reached, the matter may need to be resolved in court, where a judge will make the final decision.
Do I need a financial settlement even if we agree on everything?
Yes, it’s advisable to have a formal financial settlement even if you and your spouse agree on how to divide your assets. This ensures that the agreement is legally binding and prevents future claims on each other’s assets.
