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News & Articles

Osborne Morris & Morgan > News and Articles > Family > Financial arrangements

Financial arrangements


Posted on 23 Mar 2016, in Family
 

Those of you in Hertfordshire area who are contemplating a divorce will likely know that separating from a partner of several years can have a strong emotional impact. Having to make important financial decisions regarding a settlement that will affect your long-term future may seem a daunting proposition. However, the knowledgeable solicitors at our firm have the experience to guide you through the process at this difficult time.

The starting point to reaching a fair division of the family assets is ensuring that both parties make a full disclosure of all properties. When a harmonious separation is possible, you may want to attempt to negotiate the division of these assets with your estranged spouse and come to an amicable agreement. By applying to the court for approval of a consent order, we will endeavor to ensure that the agreement becomes legally binding for your benefit.

Unfortunately, however, not all separations can be resolved in this manner, and there thus may be occasions when court action is required. Where your spouse fails to make a full disclosure of all properties or when your marital estate includes assets that are situated overseas or are tied up in complex financial structures, the family court may need to become involved to ensure that a fair valuation and division of these marital assets is reached. The judge will consider a number of factors when reaching a decision, and we will strive to offer you the legal advice required throughout the proceedings.

We understand that this can be a turbulent time in your life, and we also know that you may have some concerns about how the financial consequences will affect your life once the process has been completed. In order to provide you with more information on the services we can provide in this regard, you are invited to visit our page on how we can assist you in reaching a financial settlement.

 

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