Divorce Financial Settlement
When your marriage or civil partnership sadly ends, it is vital that the financial impact on the parties is assessed to provide a fair division of the assets to provide for the longer-term financial needs of you both and your children. That is why we provide divorce financial settlements to clients in Caernarfon and across the North Wales area.
The law of dividing assets is very complex. This is due to the court having flexibility in deciding who gets what. There are different rules for dividing assets where the couple are unmarried or in a civil partnership. Under Section 25 of the Matrimonial Causes Act 1973, the Court will consider a list of what may be considered in deciding the division of assets, including fair division of assets, needs of children and financial position of the parties.Free Consultation
Divorce Settlement Process
Through their flexibility, the Court can make an Order which is fair for all parties dependant on the facts each case. The problem is that the Court’s flexible approach creates uncertainty and the outcome is hard to predict and dependant on different factors in particular cases. Call us today so we can advise you on the possible outcome and advise you in relation to the Settlement.
At Winrow Solicitors, we can offer you a free initial 30-minute consultation either by telephone, Zoom, Skype or face to face. It is important that you feel comfortable with us so that we can help you in this difficult time in your life, so please get in contact using the form below.Free Consultation
Unmarried Couple Financial Settlements
It’s very common for couples to live together and not to get married or enter a civil partnership. When unmarried couples separate the question arises as to how assets are divided between the parties. The courts when deciding the division of assets of will advocate a starting point of a 50/50 split. This can change based on the facts of each case. Factors the courts will consider range from mortgage and deposit contributions, whether one party has paid or maintained the property, whether an agreement was entered regarding division of assets or whether there are children under the age of 18.
When deciding how to proceed the court can order the property be sold, make judgement on each party’s share or if there are children, the court can order one party remain at the property with the child until the age of 18. It is important, however, for the pre-action letter to be sent and for mediation to be sought to avoid court proceedings. Call Winrow Solicitors today to know your rights and position regarding your assets.Free Consultation