Financial Settlements on Divorce
When a Civil Partnership breaksdown there are often financial issues to be resolved between the parties. We recognise that this is a stressful process and we aim to try and ease those pressure for you.
When seeking to resolve the financial matters of any civil partnership breakdown there are a number of factors that are laid down in law that have to be taken into consideration. These are as follows:
- The welfare of any children
- Each party's income, assets and financial resources
- The financial requirements and obligations of each party
- The length of the civil partnership
- The standard of living enjoyed by each party during the partnership
- The contributions that each party made to the welfare, upkeep and care of the home and family.
It is also important to be aware that in resolving any financial issues that it is important to make sure that they are recorded in writing and approved by a court. If they are not, then there is a risk that either party to the partnership could return in the future and argue that there has not been an agreement.
We are able to assist you both in reaching an agreement and also drafting it for you. The types of agreement that can be reached and the court asked to approve are:
- Transferring property into one party's name
- A lump sum payment to a party
- Maintenance payments to a party
- Maintenance orders for any children
- A Pension sharing order
Nb – ideally link these in to exactly the same pages that I have done for the financial issues of divorce. They may need some tweaking