Have you wondered what would happen in relation to the assets of the marriage if you were to divorce your spouse? For instance, what would happen to the family home, would you be able to stay living there or would it have to be sold and if so, how will the proceeds be divided and how would other savings, investments and pensions be taken into consideration? It is important that you obtain legal advice when life changing decisions are to be made and at the earliest opportunity.
There are a number of factors that will be relevant to the division of your assets, including your age, how long you have been married, your financial resources and those of your spouse, your earning potential, standard of living and needs. The needs of any dependent children will be the first consideration, to ensure that they are securely housed and with their resident parent having the resources to adequately provide for them.
The ambition is to achieve a division of the assets that is fair to both spouses, but there can be creative solutions particularly in meeting needs. Our expert advice will also consider the nature of the assets and whether they should be subject to division, depending on when they were accumulated and how they were used within the marriage.
Our specialist team can advise you on all aspects of the financial process, providing clear and relevant advice that will enable you to negotiate with your spouse in confidence, to secure the best outcome. If you have reached an agreement with your spouse then we will guide you in ensuring that the agreement is formalised as part of your divorce, with a consent order approved by the Family Court.
If the financial issues are not agreed then we do support forms of dispute resolution, including mediation. We will consider what resources are available to try and resolve your dispute amicably, supporting you through the chosen process.
Ultimately, if the financial issues cannot be agreed and Court proceedings are necessary, our experienced family team can guide you every step of the way to ensure that the best settlement possible can be achieved for you.
Whether your assets are modest or considerable, our matrimonial team has the experience and expertise to assist you.