Financial Matters

We have considerable experience in dealing with the financial consequences of the breakdown of marriage. We believe in adopting a common sense and realistic approach to achieving a speedy and cost effective resolution of financial issues.

When dealing with the financial matters both parties have a duty to each other and to the court to provide full and frank financial disclosure of their respective financial positions.  This duty of disclosure is an ongoing obligation and includes the duty to disclose any material changes in a party's financial situation after initial disclosure has been given.

The range of orders that can be made by the court include lump sum payments, transfers of capital assets, maintenance provision or pension sharing.

If the financial matter is resolved on a clean break basis, then this means that neither party can make any further financial claim, whether for capital or income, against the other in the future.

As the court has a wide discretion when determining what orders should be made, parties often prefer to try to reach a financial settlement by agreement to avoid the costs, delay and uncertainty of a court hearing.

As a member of Resolution, we apply the ethos of the organisation which is to resolve matters in a non aggressive and constructive manner which in our experience usually helps in reaching an agreed settlement.