If you own assets jointly with a partner or spouse but have decided to go your separate ways then you will need to decide how your joint assets will be divided. These decisions are often made alongside divorce proceedings. Alternatively, if assets are held in one party’s sole name the other party may have a claim to them.
Financial settlements are made to agree the financial side of a divorce. This may include an agreement on maintenance payments and the result of a negotiated split of assets or pensions, etc. Our team will stand up for your interests so that you receive a fair deal.
If the matrimonial home is involved, often the agreement as to what should happen to it means that the property must be sold or transferred into the name of one of the parties. Our Property department can help with this.
Separation agreements can be made as part of the divorce settlement or alternatively can be used if a couple wishes to remain legally married but want to live separately and to separate out their property and assets.
Drawing up an agreement will give you peace of mind and provide certainty as to the division of assets – it will prevent disputes later down the line. Having an agreement drawn up professionally ensures that your financial position is protected.