RomanianWorkers Divorce Settlement Solicitors
A key aspect of divorce settlements is the division of joint assets and finances, which may include decisions about whether one partner remains in the family home or if the property is sold and proceeds distributed between the couple and any other relevant parties.
Legal Framework for Divorce Settlements
Section 25 Factors
The Matrimonial Causes Act 1973 outlines the factors considered when dividing assets after a divorce or the dissolution of a civil partnership. These “Section 25 factors” include:
- Income, earning capacity, and assets of each party.
- The duration of the marriage or partnership.
- The standard of living during the relationship.
- Contributions made by each party, including non-financial contributions.
Court's Role in Financial Settlements
Courts can rule on a variety of financial matters, including:
- Income and income from partnerships.
- Investments, shares, and pensions.
- Property (including second homes) and trusts.
- Savings and maintenance.
- International assets and insurance policies.
Deed of Separation and Financial Agreements
Couples may opt for a Deed of Separation to outline agreements regarding joint assets and maintenance payments. These agreements can be created before divorce proceedings and serve as a framework for financial arrangements.
If one party is suspected of hiding assets, the court can intervene by freezing or reversing transactions to ensure a fair outcome.
Court Orders in Divorce Settlements
The following court orders are often used to address financial matters:
- Lump Sum Orders: Directing one party to pay a specified amount to the other.
- Property Adjustment Orders: Redistributing property ownership between the parties.
- Consent Orders: Finalizing agreed terms from a separation agreement.
In cases where future financial ties are undesirable, a Clean Break Settlement may be established, ending financial obligations between former partners but not affecting child maintenance obligations.
Why Seek Expert Legal Advice?
Divorce and financial settlements can be complex, especially when property, pensions, or international assets are involved. Professional legal advice ensures that your rights are protected and the process remains as amicable as possible. Early legal consultation can:
- Protect your interests.
- Simplify complex financial matters.
- Reduce potential disputes.
Why Choose Us?
RomanianWorkers Solicitors are experienced in handling:
- Complex divorce settlements, including those with international elements.
- Alternative dispute resolution, such as lawyer-supported family mediation.
- Financial matters involving children and property.
Get in Touch Today
Contact us for expert advice on divorce settlements and financial arrangements, ensuring your future needs and those of your family are secured.