Dealing with your finances, known as Financial Relief (formerly known as Ancillary Relief in divorce proceedings) is one of the biggest issues facing separating couples.
Working out how you deal with your finances and what happens to your family home is added pressure on an already stressful situation.
Financial relief proceedings are the part of the divorce process which resolves any financial issues between the parties to the marriage. Disputes over financial relief can be bitter and protracted. It is preferable that you reach an agreement between yourselves as going through the courts should be your last option. Not only is it more expensive and time consuming, it can create acrimonious feelings that could affect the long term relationships between you and your former partner, which may have a negative impact on your children.
If you would like to explore options for reaching an agreement outside of Court, it may be worth considering a Collaborative Law process.
For unmarried separating couples the situation is much harder as unmarried couples have no legal standing in the eyes of the law regardless of the length of their relationship or the fact they may have children together. We recommend seeking advice from a specialist family solicitor.
The division of financial assets during divorce or separation can cause friction and it is essential that you obtain legal advice on financial matters as soon as possible. We can assist you through the legal process and help you to ensure that you receive the best possible financial outcome at the end of your relationship.
Decisions taken about the division of your finances now will affect you and your children in the future. It is important that those decisions are made with the benefit of specialist legal advice, to ensure those decisions are the right ones and will give you and your children financial security.