A financial divorce settlement is an agreement about how to split your money and assets once the marriage is over. We at Rayan Adams Solicitors are ready to assist.

A divorce financial settlement is an arrangement under which a couple's assets and financial affairs are separated upon divorce. 'Ancillary relief' is the term used by divorce solicitors to describe all orders of a financial or property nature or that relate to pensions that a divorce court can make the following divorce, judicial separation, dissolution of civil partnership, or nullity proceedings.

After the family court has issued Decree Nisi and after both parties have exhausted the mediation process (where applicable), an application for divorce financial settlement can be made to the court.

You can normally get a financial settlement at any time during the divorce proceedings. However, you can apply for financial settlement even after the divorce has been finalised. It's advisable to apply for financial settlement before your partner or you have remarried.

We have a team of specialist family lawyers in Manchester, who provide expert, impartial advice to help resolve family law issues. If you need advice or help with any type of family law matter please contact us on 0161 226 8618.

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How are assets split in the financial settlement?

The judge has the final decision on how your assets will be split. The key factors which will be taken into account in an assessment of how any capital should be divided, as well as whether or not income should be shared, are as follows:

  • Children – their financial needs as well as other factors that may affect their future wellbeing.
  • The financial needs of you and your spouse.
  • The length of the marriage and your respective ages.
  • The current earnings of each party and the potential earning capacity of each party now and in the future.
  • Health issues affecting either you, your spouse or any children.
  • The assets of each party including pensions.
  • The standard of living you have had during the marriage.
  • The financial and non-financial contributions (such as caring for children and running the house) that each of you has made to the marriage.
  • It is only in very exceptional circumstances that the conduct of you and/or your spouse is relevant when dealing with financial matters.

Our specialist team of family law solicitors can provide legal advice and help you need with your family matter.

Contact Us 0161 226 8618

Do you need legal help? Call us on 0161 226 8618 or fill in our enquiry form to get reliable & confidential legal advice and assistance.

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