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
Clean Break Financial Settlements in Divorce
In many cases, a clean break financial settlement can be made which is binding on both parties for life.
How we can help
Sorting out finances and property after divorce or the dissolution of a civil partnership can be complex, and you should take expert legal advice to protect your interests. Sterling de Zuk specialises in financial settlements and can offer legal advice to individuals throughout Cheshire. If your relationship has come to an end, we would encourage you to get in touch as soon as possible so that your financial situation can be assessed thoroughly.
Contact Mark Thomson on email: mark@zukdivorce.co.uk or phone: 0333 070 5651