Divorce Financial Settlement
A financial settlement in divorce refers to the agreement reached between spouses regarding the division of assets, debts, and financial responsibilities after the marriage ends. This settlement aims to ensure both parties are treated fairly and equitably, taking into account their contributions and needs.
Fair ground
The breakdown of a marriage is difficult enough, but when you add in separation of assets and financial interests, the situation is often complicated further. There a number of possible options available to enable divorcing couples to come to a financial settlement, and Scotts Hall & Birtles Solicitors are highly experienced in helping couples and families reach those agreements as efficiently as possible.
While it is always favourable to reach an agreement through negotiation and mediation, it is sometimes the case that an agreement cannot be reached with regard to property or money, and it is in this situation that an application to the Court can be made - asking for a Judge to make a determination in the case. The Court can also make orders for maintenance, lump sums, and property adjustment in relation to any children in the marriage.
Even if you are able to reach a financial agreement through negotiation and mediation, and even if you are parting on amicable terms as a couple, it is vital to have your agreement put into a Court Order, expressed to be in “full and final settlement.” Without this, your former spouse can make financial claims against you at any time in the future. This is one of the most important things to remember about divorce financial settlements, and is something that Scotts Hall & Birtles Solicitors is more than qualified to assist with. We are committed, as members of Resolution (www.resolution.org.uk) to resolving disputes in a non-confrontational way, and we endorse, support and follow Resolution’s Code of Practice.
Having operated in Catterick Garrison since the 1970s, we are very experienced in dealing with divorce and financial problems for many members of the Armed Forces (and their spouses) – of all ranks and all services. As such, we are experts in dealing with military pensions – an area that can be particularly problematic in divorce situations. We are also very experienced in helping farming families deal with tricky issues, including the potential impacts on the family farm when one of the co-owners divorces.
At Scotts Hall & Birtles Solicitors, we offer an initial fixed fee diagnostic appointment, and you can call to book one with our team today.
