Divorce and Financial Settlement

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IE 01 533 7860

Divorce and Financial Settlement

A divorce and financial settlement is important because in ensuring a divorce runs as smoothly as possible we require full disclosure of our client’s financial assets. This allows us to protect your financial interests as effectively as possible in reaching an agreeable settlement. Ordinarily a financial settlement will be able to be met by mutual agreement between separating partners and their solicitors. In this case we will provide mediation services to ensure your interests are looked after.

It is also normal for court procedures to be used to resolve a financial settlement. Accordingly, this may be appropriate where maintenance, pensions or transfer of property is at issue for example. So, if this is the case, we will provide representation and guidance on resolving any problems.

Monetary Assets in Divorce and Financial Settlement

Monetary assets may also need to be divided. There are no hard and fast rules regarding division of assets on divorce. This is because no divorce or separation is the same. When dividing assets the Court and our solicitors will take account of various factors when advising their clients. So, these factors include but are not limited to:

  • Income and earning capacity, property and other financial resources that you and your spouse have or likely to have in the foreseeable future.
  • Financial needs, obligations and responsibilities, which you and your spouse has or is likely to have in the foreseeable future.
    The standard of living enjoyed by your family before the breakdown of the marriage.
  • Any physical or mental disability of either spouse.
  • Additionally, the contributions that you and your spouse have made or likely to make in the future to the welfare of the family.
  • Conduct of you and your spouse, if that conduct is such that it would be unfair to disregard in the opinion of the Court.
  • Also, the value to you and your spouse of any benefit that one spouse would lose because of the divorce. Where no such agreement can be reached further expert guidance and advice will be sought.

How We Can Help with Divorce and Financial Settlement

Finally, we understand that separation can be difficult and matters regarding financial settlement can get complicated. Additionally, our experienced divorce solicitors will walk you through the process step by step and help to ensure that your interests are protected.

For further information on Divorce and Financial Settlement matters please visit the link below;

 

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Call us now on 028 8772 2102 (UK) / 01 533 7860 (IE), or Make An Online Enquiry and we will soon be in touch.

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    Divorce and Financial Settlement was last modified: September 23rd, 2021 by Conal McGarrity