For you and your Family

Finances on Divorce

"Thank you, Patsy, for the excellent service you have provided us as a family....your kindness and sensitivity have been very much appreciated." Mr.W

Finances on Divorce

When it comes to division of the finances and, in particular property, it is important that both parties receive independent legal advice.

Pensions and finances upon divorce is a complex area of law and there is not a straightforward answer to what or how much you are entitled to.

At BakerLaw, our family lawyers are highly skilled in this area and have extensive experience in high value asset disputes involving multiple properties, large pensions, sizeable investments and businesses.

During the course of your marriage, you and your partner acquire financial claims against each other, to include:-

  • Spousal maintenance (income payments)
  • Adjustment of property ownership (transfer of a house, transfer of tenancy)
  • Lump sum (capital payment)
  • Pension provision (adjustment of pension funds)

Before our family lawyers can advise you regarding a suitable financial settlement, both parties will need to provide full financial disclosure of all their assets, liabilities, income and outgoings.

Do I have to go to court?

If matters are resolved amicably there will be no reason to go to court. However, if a financial agreement cannot be achieved, we will advise you fully on the court procedure.

Due to the experience and dedication of our family lawyers, the majority of the cases we deal with usually settle either without court proceedings, or early on in the proceedings and court proceedings are generally seen as a last resort.

We've agreed the finances ourselves; do we need a family lawyer?

If you have discussed finances with your ex-partner and reached an agreement, then you may think that you do not need a lawyer and that there is nothing else to be done. However we would strongly recommend that you do take legal advice

Separation Agreements

If you have separated from your partner but do not intend to start divorce proceedings straight away and are able to reach agreement with your partner as to financial matters, you could enter into a Separation Agreement. Our family lawyers are experienced in dealing with separation agreements.

For more information please contact us online or by phone on 01252 733770 or 020 7842 0800.

Commercial and Employment Update

  • Posted

We recently circulated our Commercial and Employment Update containing the following articles and news: What you don't know can't hurt you? The employment tribunal thinks otherwise Why bother with a shareholders' agreement? Was...

Contractual Variation Clauses

Danielle Collett-Bruce
  • Posted
  • Author

Whilst it is not unusual for lawyers to labour over the minutia of contractual construction for hours on end, it is important to realise that contracts are rarely set in stone and a change in the commercial realities of businesses can warrant a contract...