At Stuart Gordon Solicitors, we have a team of specialist divorce solicitors in Leeds who fully understand the challenges that come with trying to reach a financial settlement in a divorce. We appreciate that trying to reach such a settlement can lead to high levels of emotion and stress for all parties, particularly if there are children involved.
From the earliest stage, our divorce lawyers can provide expert support and guidance to achieve the best outcome for you. We can provide strategic, confidential, sympathetic advice regarding your options so that you are completely clear about your rights and entitlements. Our solicitors will work closely with you to fully understand your objectives, putting together a plan to help you achieve them as effectively as possible.
How Our Lawyers Can Help
Putting in place final arrangements for a financial settlement is not part of the divorce process itself. Instead, the ex-spouses are expected to reach an agreement before applying to the court for a divorce. Our solicitors will act on your behalf to complete all the required legal steps and to negotiate with the solicitors representing your ex-spouse to achieve a fair settlement. In cases where couples are unable to decide themselves how money and other assets should be shared, we can provide representation in court proceedings to ensure that your personal position is protected in the most robust fashion possible.
What is the Process for Deciding Who Gets What After a Divorce?
This process can be complicated. Both parties will be required to provide a full disclosure of their finances, covering all income sources such as savings, investments, pensions and any properties they own or have an interest in. Any outstanding debts or liabilities must also be disclosed. There will then be a period of negotiation, with the specific circumstances of the couple being considered – there are no set rules on what a final settlement should look like. The approach taken in England now involves looking at "needs" rather than using a "reasonable requirements test", which was used previously.
Will the Wealthier Ex-Spouse Have to Pay the Other Maintenance Payments?
In recent years, there has been a shift away from one partner paying the other a set amount in maintenance for life after a divorce. It is now seen that the divorcing couple should be expected to make a clean break as soon as possible, so it is more likely that any maintenance payments will be made for an agreed term. How much this will be and how long payments should go on for will be based on the information gathered through financial disclosure.
Contact Stuart Gordon Financial Settlement Solicitors in Leeds
Our friendly and approachable lawyers have over 70 years of experience between them and have a well-earned reputation for providing legal advice that is clear, straightforward and free of legal jargon. The service we offer is both flexible and accessible – whenever you have any questions, just get in touch and a member of our team will be happy to provide you with an answer as quickly as possible.