At Hattin Solicitors, we understand reaching an agreement on finances can be one of the most taxing aspects of the divorce. We will work with you and with our team of expert lawyers we can reach a financial settlement that is in your best interests.
Some of the many things to consider in a financial settlement are:
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Will the matrimonial home be sold? If so how will the sale proceeds be divided?
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How will housing needs be met by both parties?
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What is the income of both parties?
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What are the needs of each party?
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What will happen with pension assets and
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Are there children? Is child maintenance payable?
The court has to take various factors into account under the Matrimonial Causes Act 1973 (as amended) when considering what order should be made. The first consideration is the welfare of any children of the family under the age of 18.
The court must also consider the following factors:
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Income and earning capacity;
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Property;
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Standard of living;
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Age and length of relationship;
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Physical and mental disability;
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The contribution which each of the parties has made or is likely in the foreseeable future to make to the welfare of the family
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The value to each of the parties to the marriage of any benefit and
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Conduct of the parties.
Where possible the court will try for a Clean Break which means each person's financial affairs are completely severed from the other person's.
