The financial settlement in a divorce agreement or when a civil partnership ends will depend on a number of factors – including the length of the relationship, the earning power of either partner and also any other contribution to the relationship a partner might have made, such as child care or leaving a career to look after the family and build a home.
Although most couples going through a divorce might prefer to finalise arrangements and move on, in some cases this may not be possible.
For example, if one party has contributed to the relationship in ways which were not financial and sufferers ongoing financial hardship after divorce because they gave up a career and have limited earning power – while their ex-spouse or partner built up a successful career or business during the marriage or civil partnership.
The ongoing needs of children may also be a factor for re-appraising finances after divorce.
However, the main focus in divorce is usually the marital home – and even if one partner leaves the home while their ex lives there with their children, it is likely they will still be able to retain a financial interest in the home, to be realised at a later date – usually when any children of the marriage or civil partnership have completed full-time education or left home to live independently.
It is important to take expert legal advice in financial matters before and after divorce, not only to protect your own interests and assets, but also the future of a current partner and any children you may have with your ex or a current or future partner.
Courts are able to take action and vary payments under a divorce settlement or separation agreement, including orders for:
A divorce settlement might also be the subject of a court order if it is discovered that one party failed to fully disclose their financial assets during the divorce process or when a civil partnership was dissolved.
Duncan Lewis divorce solicitors offer expert and detailed legal advice to individuals and couples on finances after divorce.
Duncan Lewis also has successful departments specialising in family and children law, property law and litigation, able to advise on the various issues in finances after divorce or when a civil partnership is dissolved – and has considerable expertise in international divorce and marriage and divorce under Islamic law.
Returning to court after a divorce settlement has been finalised can be costly – and Duncan Lewis divorce solicitors can also advise on alternatives to litigation in divorce matters, including dispute resolution and lawyers supported family mediation.
Duncan Lewis divorce solicitors offer an initial client meeting with a fixed fee for cases involving finances after divorce.
Once the details of a case have been assessed it is usually possible to offer a further fixed fee scale, which clients will be advised of in advance.
Clients on benefits or low income may be eligible for help with some court fees, such as applying for a court order.
Duncan Lewis advises clients to get in touch as soon as possible for an assessment of a case involving finances after divorce, so that matters can be worked through thoroughly and action can be taken swiftly to resolve the issues.
For expert legal advice on Finances After Divorce and related family matters, call Duncan Lewis divorce solicitors in confidence on 020 7923 4020.