Separating assets when your relationship ends
Agreeing financial arrangements between divorcing couples can be complex. Generally, these cover:
- asset separation
- property division or agreeing who will remain in the family home
- pension arrangements
- division of investments
- future financial child maintenance and spousal support
If mutual agreement is reached, we can apply for a legally binding consent order. Alternatively, our Family team includes an Accredited Mediator who can support you to achieve an agreement that you are both happy with, without having to resort to court action. When an agreement cannot be reached via mediation about the division of finances, you can apply to the court for a financial order.
Pensions
Pensions are valuable assets often divided during divorce. When one party relies on the other financially or contributed significantly to a pension, we advise on fair pension distribution as part of your settlement.
Freezing assets
If one party is found to be dissipating assets, a court-ordered freezing order can protect the other party’s financial interests. Our team can assess if this is necessary and advise on the next steps.
Separation agreements
Separation agreements formalise financial arrangements before divorce proceedings, outlining how assets will be divided and are essential when separation is used as a divorce ground.
Maintenance
We offer guidance on child maintenance and spousal support, ensuring ongoing financial provision to meet children’s and spouses’ needs where applicable.