Financial settlements on Divorce or Separation

Advice on Financial Settlements

There are different types of money issues when you separate or divorce/dissolve your partnership:

Income or ‘maintenance’ issues.
Capital e.g. your house, savings, shares.
Pensions.

Our Family Law experts can talk you through the options in relation to your financial settlements.

Call our family solicitors on 0113 320 5000

What Do You Typically "Get" from Financial Settlements on Divorce?

The burning question for most people is ‘what will I get?’ or ‘what will I have to pay?’.

There is no magic formula for this and it is not simply a case of arithmetic. Divorce/dissolution legislation sets out a checklist of things that a court takes into account when asked to make decisions about how to divide up family assets, income and pensions. In all cases, the court carries out a balancing exercise of different factors and there is often more than one answer. It is therefore important that you do not assume that information friends or relatives give about their own experience of financial settlements will be the right advice for you.

We are experts in this area and, once full and frank disclosure of both parties’ financial circumstances has been obtained, we can advice you on what would be a fair settlement for you. We consider all of the relevant financial circumstances and help you negotiate your financial settlements. Where it is not possible to reach an agreement with your former partner, we can represent you, and will robustly pursue proceedings on your behalf, the objective being to obtain a successful outcome for you.

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Prenuptial Agreements

You may want peace of mind and financial protection when entering into marriage and to regulate your financial affairs should you separate. For example, this can relate to inherited wealth or property and assets from a previous marriage. With the Supreme Court ruling about Prenuptial Agreements, couples are likely to increasingly want to protect themselves financially. We can give you expert legal advice about entering into a Prenuptial Agreement, or you can get a guide as to what difference one could make by using our prenup calculator.

Prenuptial agreement calculator

Our Family Law Experts Can Help with Financial Settlements

For advice on financial settlements on divorce, please contact your Family Law Team on 0113 320 5000 or by email on family@winstonsolicitors.co.uk.

Child maintenance is usually governed by the Child Maintenance Service and there are only certain times when the court will make orders regarding child maintenance (child periodical payments). Spousal maintenance (spousal periodical payments) can be made in financial proceedings and will depend on the circumstances of the case.

A 'Clean Break' Consent Order is an order agreed within divorce/dissolution financial proceedings which severs all financial ties between the parties both now and in the future.

A Pension Sharing Order (PSO) is an order made upon the conclusion of divorce/dissolution financial proceedings which allows a pension to be shared in accordance with the order, and the receiving party will receive this share of the pension to put in their own pension fund.

A Consent Order is an order agreed within divorce/dissolution financial proceedings which sets out the terms of the agreement for the financial separation dealing with sale/transfer of property; bank accounts; maintenance payments and so on.

These are the court proceedings that you can apply to the court for following a divorce/dissolution which will ultimately provide orders for a financial settlement.

This is a type of order in divorce/dissolution financial proceedings that means a party can live in a property until certain conditions are met.

Client feedback

Harriet Reid dealt with my divorce aided by her excellent assistant Judith Pearson. Both Harriet and Judith were incredibly quick to respond to any questions or concerns I had during the process. I found Harriet to be ideal for me to talk to as she was direct enough to be able to explain what was happening in "plain English" rather than "legal jargon" and to point out the actions I should and shouldn't take. The process is extremely emotive and a calm understanding advisor is essential.

Richard

I chose Winston Solicitors following a strong recommendation from a close friend, and I have been extremely impressed with the service I received throughout both my divorce proceedings and house sale.A special thank you goes to Teresa and Emily in the Family Law team, who were outstanding from start to finish. Teresa consistently kept me informed about costs and the next steps in the process, which I found incredibly reassuring during what was a very challenging time. Her knowledge, expertise, and professionalism were exceptional, and I am extremely grateful to have had her representing me throughout. Emily’s communication was excellent; she was always prompt, professional, and supportive. Together, they provided guidance and reassurance that made a difficult situation far more manageable.I would also like to thank Laura and Amanda in the Conveyancing Department for their excellent work on my house sale. Their professionalism, efficiency, and attention to detail ensured that everything progressed smoothly from beginning to end.I am genuinely grateful for the support I received from everyone involved and would highly recommend Winston Solicitors to anyone seeking expert legal advice and representation. Their dedication, communication, and client care were outstanding throughout.

Jason

During such a difficult and stressful time I found Winston Solicitors excellent. I worked with Wendy throughout my divorce she was incredible, supportive, hard working and extremely knowledgeable. No question was too silly , no problem was too great for her. I trusted her advice 100% and was more than happy to take her lead. She held my hand every step of the way and for that I will be forever grateful. I have already recommended her to others and will continue to do so. I wouldn't hesitate to use Winston Solicitors in the future

Louise

I am extremely grateful for the support and guidance I received throughout my financial consent order process.Wendy was direct, practical, and very human in her approach. She handled my matter personally, which made a huge difference. I did not feel like I was being passed between assistants or treated like just another case. I felt properly listened to and supported.This was an extremely stressful process for me, but I trusted Wendy completely. Her advice was clear and realistic, and she helped me understand what mattered and how best to move forward.The wording she used in my consent order was particularly strong. She understood my situation accurately and phrased it in a way that clearly explained the reality of the marriage and the financial arrangements. I believe this careful and intelligent wording helped the court understand the case properly and approve the order.I recommend Wendy very highly. She made a very stressful process feel less overwhelming and helped me achieve the outcome I needed.

Anna.

Very professional put me at ease straightaway very helpful I would definitely use Winston’s again and would recommend them to family and friends

Shirley

Harriet Reid went above and beyond throughout the whole process. Her patience, professionalism and impeccable handing of the matter made a stessful situation much easier to bear. Her advice was spot on at all points and the proactive approach was much appreciated. I would not hesitate to recommend Harriet and her team and cannot thank them enough for their support and guidance from start to finnish.

Lisa

Harriet dealt with my problem swiftly and efficiently. I would award her more stars if I could.

Jane

Extremely helpful, efficient & worked within extreme tight deadlines.

Ian