Divorce And Your Finances

The knowledgeable, specialist and supportive Family Law team at Marsden Rawsthorn Solicitors explain their sympathetic and understanding approach to helping you navigate the financial implications of divorce. Photography: Roger Moore

Separating from your spouse is one of the biggest and most difficult decisions you will ever have to make. When faced with dealing with a significant life change and the worry and uncertainty that can bring, it is important you obtain legal advice as soon as possible to assist you in preparing for divorce.

Receiving expert advice in the early stages of your separation may prove invaluable in giving you confidence to approach the practical considerations associated with your separation such as addressing the care arrangements for your children and obtaining financial security in the immediate and longer term.

Consideration will need to be given regarding how to separate your finances, including deciding how to separate property, pensions, savings and investments. This can be resolved in a number of ways and we would recommend mediation as a process for negotiation to assist you and your spouse in reaching decisions about any of the issues arising from your separation. Mediation provides an opportunity to meet together with a trained and impartial mediator who is legally trained and will assist to reduce conflict in a confidential and informal setting.

Alternatively, we would suggest voluntary financial disclosure, which involves inviting you and your spouse to provide documents to us with a view to identifying the value of your assets and negotiating a settlement.

If an agreement is reached, the next step would be a financial order, giving you peace of mind that matters are resolved and protection against the possibility of your former spouse attempting to make a financial claim against you in the future.

There are some instances when it is not possible to reach agreement and in those circumstances, you can ask the court to determine those issues. In court proceedings we will represent you and your best interests robustly and with vigour. The court can help to decide how the finances should be separated, taking into account a wide range of factors including your income, resources and earning capacity and balancing these against your respective needs.

It is advisable to seek legal advice at an early stage as this can be an emotionally stressful time, when you are faced with making decisions that could have an impact on your future financial situation and security. At Marsden Rawsthorn we receive regular feedback from clients for our sympathetic, friendly approach, our understanding of the issues involved and the positive results we gain for our clients. We know what a difficult time this is for you and will guide and support you through it. We’ll be on your side.

Get in touch with one of our team of lawyers on 0800 294 4410 or email info@mardsenrawsthorn.com to arrange a free confidential appointment, either at one of our clinics or via a telephone consultation or virtual meeting at a time to suit you. We provide quality, experienced advice along with clarity of costs from the outset by way of a bespoke quotation, tailored to meet your budget.

Pictured: The Family Team – Amanda Long, Lauren Townson and Lyndsey Kiley (from L-R in the top left image)

Marsden Rawsthorn Solicitors Ltd
Faraday Court, Faraday Drive
Fulwood, Preston PR2 9NB

Westmarch House
42 Eaton Avenue, Buckshaw Village
Chorley PR7 7NA
0800 294 4410 – QUOTE REF: LIVE



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