What You Need to Know About Divorce Financial Settlements

Divorce can be an emotionally challenging and stressful time, and agreeing financial settlements can add to the stress, as it is a complex part of the proceedings to work out for each party. Thursfields Family Lawyers understand the complexity of divorce financial settlements and aim to work with you, guiding you through the steps to get the most satisfactory resolution for the whole family. They aim to resolve your financial settlement in the most amicable way, avoiding court proceedings where possible.

Considerations During Divorce Financial Settlements

Divorce financial settlements include the division of assets such as family homes, family businesses, division of debts, pension sharing, maintenance (child and spousal), and Consent Orders & Clean Break Agreements. These are all varying elements in of financial settlement in divorce that need to be considered and discussed based upon each party’s individual circumstances and needs.

Thursfields Family Lawyers can help with the division of joint and individual debts offering expert advice on what is fair in your circumstances. They can also advise on whether you would be eligible for either spousal or child maintenance support options in your financial agreement and tailor their guidance appropriately.

A Consent Order is drafted and completed for you by Thursfields once an agreement has been reached. It details all elements of your financial agreement, making it a legally binding element of divorce proceedings. A clean break agreement ends the financial ties between you and your ex-partner as soon as reasonably possible following your divorce. Thursfields Family Lawyers are experts in advising and guiding you through divorce proceedings and all that these entail.

Avoid Additional Stress, Contact Thursfields Family Lawyers

It is always advised to have a financial agreement as part of your divorce settlement; however, it is not a compulsory element, but difficulties and complexities can arise in your future if you do not. Thursfields provides a professional, high-quality service that can minimize the stress and costs for you in the best possible timeframe. If you are contemplating divorce and need practical legal advice or guidance with proceedings, you can contact Thursfields Family Lawyers by calling 0345 20 73 72 8 or emailing info@thursfields.co.uk

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