Splitting money and financial settlements on divorce

If you’re getting a divorce, our specialist divorce solicitors can help you reach a fair financial settlement with your former partner.

Joshua Coombe, Chelmsford

What is a financial settlement during divorce? 

A financial settlement (or ‘settlement agreement’) in a divorce sets out how your finances will be divided after your divorce. Finances that count during a divorce include your savings, investments, pension and property. 

Our guide to financial settlements during divorce explains how the settlement is worked out and how debt and assets are split in a divorce. 

How to reach a financial settlement during a divorce

You can reach an agreement without going to Court with the help of a specialist divorce mediator or solicitor. Divorce solicitors help couples reach a fair agreement and can draw up a draft Consent Order. If you reach an agreement outside Court, you’ll still need to apply to the Court to approve your Consent Order so that it is legally binding. 

What does a solicitor do during a divorce settlement?

Our divorce solicitors will help you reach a fair financial agreement that will hold up in court. We will work with you to reach an agreement that works, as quickly and simply as possible. 

The key areas your solicitor will look at with you are:

  • how to divide the family assets, such as the family home
  • how to provide continuing financial support, such as child maintenance
  • how to ensure you're both financially secure, possibly through a pension sharing agreement.

We can also help you sort out more specialist areas – such as business ownership after divorce, pension agreements, and inherited or non-matrimonial assets.

Expert divorce law solicitors 

Our team of expert divorce solicitors can help you divide your assets and reach an agreement with your former partner. Get in touch for an initial consultation if you’re considering a divorce, or have received divorce papers.

What to do next

If you need legal advice about your finances after divorce, or a related issue, give us a call. A dedicated family law solicitor will outline your options and tell you how we can help.

Come in and see us for a FREE 30 minute face-to-face consultation about your options. Alternatively, if you want us to take a closer look at your situation, for a fixed fee of £150 + VAT, we can talk with you for up to 90 minutes.

Call our Family and Divorce Law solicitors on 0800 0131165

For a free initial chat, at no obligation, or fill out our enquiry form and a solicitor will get in touch.

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