Divorce & Financial Settlements

If you are getting divorced or dissolving a civil partnership, getting a satisfactory financial settlement is an important part of securing your future. However, untangling your shared finances and assets can be complex. A financial settlement is a legally binding decision on how you and your ex-partner will divide your assets and wealth when your relationship ends.

Section 25 of the Matrimonial Causes Act 1973 sets out all the various factors considered when finances are separated; these are called Section 25 factors and take into account each party’s income and assets, as well as how long the marriage/civil partnership lasted and the couple’s standard of living during their relationship. Divorce settlements are intended to be fair to both parties and include:

• Income
• Insurance policies
• Business assets and interests
• Digital assets
• Investments and shares
• Savings
• International/ Offshore assets
• Inheritance
• Maintenance
• Pensions
• Property & land (including second homes)
• Trusts
• Belongings worth over £500