Divorce Financial Settlements Solicitors on The Isle of Wight

The divorce process can be emotionally challenging, but thankfully, the legal side doesn’t need to be a burden if you have the right support.

Our divorce financial settlement solicitors on The Isle of Wight can help you deal with what is often one of the most complicated parts of the divorce process. We have years of experience supporting clients to reach a divorce financial settlement, we can help in various ways, such as:

• Divorce financial settlement agreements, including voluntary settlement agreements
• Financial Consent Orders
• Financial settlement Court proceedings
• Clean Break Settlements

Get in touch with our divorce financial settlement solicitors on The Isle of Wight

If you would like to discuss your legal needs today, please contact our divorce financial settlements solicitors.

You can call us on 01983 527878 or email hello@gdlegalservices.co.uk, and we will get back to you as quickly as we can.

How Glanvilles Damant's divorce solicitors can help you to reach a financial settlement

Divorce financial settlement agreements

Our expert divorce solicitors at Glanvilles Damant can support clients to reach a divorce settlement in various ways, including:

Voluntary settlement agreements

We can support you and your ex-spouse to reach a voluntary settlement agreement, meaning that both parties negotiate and discuss how the marital pot should be divided, and come to an agreement between themselves.

Our team can help you to work towards a voluntary settlement out of Court, for example, using an alternative dispute resolution method, such as arbitration or mediation.

Negotiating a divorce financial settlement is not always straightforward, but rest assured, our solicitors have many years of experience supporting clients and can help you reach the outcome that you desire.

Financial Consent Order

Once you and your ex-spouse have agreed on the terms of your divorce settlement, we can help you apply for a Consent Order. This order makes the terms of your financial agreement for divorce legally binding.

Even where you and your ex-spouse have reached an agreement amicably, it is important that you obtain a Consent Order, to protect your finances and legal position going forward.

To learn more about how we can help you with divorce settlements, please get in touch with our experts at Glanvilles Damant.

Financial settlement Court proceedings

In some divorce cases, the couple will attempt to reach a settlement through alternative dispute resolution, and find that they cannot agree on how their finances should be divided.

In this case, we can help you reach a divorce financial settlement through Court proceedings.

We appreciate that this idea may be stressful, and we will ensure that you have the support that you need, helping you to protect your financial interests as far as possible.

For more information about divorce financial settlements, please reach out to our specialist team at Glanvilles Damant.

Clean break divorce settlements

When you are going through a divorce settlement, our solicitors can also help you apply for a Clean Break Order, as part of the process.

A Clean Break Order is a type of Order that legally ends all financial ties between you and your ex-spouse. It means that your ex-spouse will be legally prevented from pursuing any financial claim against you going forward.

Unless you obtain this Order, you may be at risk of a financial claim in the future. There are various scenarios where an ex-spouse might attempt to make an additional claim on your finances later down the line. For example:

• You have inherited a substantial sum of money
• You have started a successful business

If you would like to discuss financial settlements for divorce in the UK today, please get in touch with our experts at Glanvilles Damant.

Why choose Glanvilles Damant as divorce financial settlement solicitors?

At Glanvilles Damant, we are proud of our connection with the local community. Our team are committed to providing a tailored service, focusing on learning the finer details of your circumstances and case.

We appreciate that hiring a solicitor should feel straightforward as opposed to intimidating. Our divorce and financial settlement solicitors will strive to keep the processes simple, making certain that you feel confident and at ease at every stage.

We have extensive experience helping clients reach divorce settlements, including those with complex circumstances.

In the majority of cases, we can help you reach settlements through an alternative dispute resolution method, such as collaborative law, mediation, or negotiation.

To discuss your needs today, get in touch with our family law solicitors at Glanvilles Damant.

Frequently asked questions about divorce financial settlements

What is a divorce financial settlement?

A divorce settlement refers to a legal process used to divide the finances of a married couple when they are going through a divorce.

When going through a divorce, all assets that are part of the marital pot will be divided, including property, pensions, trusts, and so on.

How is a divorce financial settlement calculated?

When a couple gets divorced, a divorce financial settlement is calculated according to what is judged to be fair in the circumstances.

Couples are able to work towards a voluntary settlement by negotiating out of Court and with the legal advice of their independent solicitors. In this scenario, they can negotiate what they believe to be a fair division of financial resources and assets.

Where a Court is involved in the process, there are several considerations that are made to determine a fair division of assets:

• How much each individual earns and their overall earning potential
• The financial needs and resources of each individual
• How long the couple have been married
• The needs of their children, if they have any

What assets are included in a divorce financial settlement?

A divorce financial settlement includes all matrimonial assets, these are the assets that both parties incurred and build up in the duration of the marriage.

These assets are likely to include the family property, pensions, investments, savings, and possessions such as cars and household furniture.

What am I entitled to in a divorce settlement?

In a divorce settlement, you are entitled to a portion of the marital pot, which may include a variety of assets that you and your spouse built up whilst married, including property and savings.

The portion of the marital pot that you are entitled to depends on the circumstances, the idea is that the financial resources should be divided according to what is fair.

Where a divorcing couple cannot agree on how their finances should be divided, the Court will make a decision on how their finances should be split based on various factors, including the income and earning potential of both parties.

If you would like to learn more about reaching a financial agreement for a divorce and what your entitlements may be, please get in touch.

Can you divorce without a financial settlement?

Technically, it is possible to get divorced without a financial settlement, however, it is strongly advised that you seek a financial settlement when getting divorced.

Unless you get a financial settlement, your finances will remain intertwined with those of your ex-spouse. This will make it incredibly difficult to determine who has rights over various financial resources, from property to savings and pensions.

How long does a financial settlement take?

How long it takes to reach a financial settlement will vary depending on the complexity of the case. It may take anywhere between 8 months to one year, however, where spouses find it easy to agree and have straightforward finances, matters may be settled quicker.

Do I need to go to Court for a financial settlement?

No, you do not need to go to Court to get a financial settlement, you may have the option to reach a voluntary financial settlement through alternative dispute resolution processes.

If you would like to obtain a financial agreement for divorce and you are concerned about the Court proceedings, rest assured we are likely to be able to help you settle matters out of Court.

To discuss your needs today, please get in touch.

What can I do if my ex-partner is hiding assets?

If you are worried that your ex-partner may be hiding assets, it is important that you seek the support of a specialist divorce and financial settlement solicitor.

At Glanvilles Damant, we can support you in various ways in this situation, for instance, by helping you to put a Freezing Order in place to prevent your ex-spouse from attempting to dispose of assets in the lead up to the settlement.

If you would like to learn more, please do not hesitate to contact us.

Get in touch with our divorce financial settlement solicitors on The Isle of Wight

If you would like to discuss your legal needs today, please contact our divorce financial settlements solicitors.

You can call us on 01983 527878 or email hello@gdlegalservices.co.uk, and we will get back to you as quickly as we can.