We understand that it is a really big step for anyone who is recently separated or considering separation from their spouse or partner. Separating from a spouse or partner, and dealing with both the emotional and financial consequences of a relationship breakdown, is one of the most difficult times in a person’s life.
If you are considering this, or are recently separated, we would encourage you to see a Solicitor to provide advice on your specific situation. If you have been married for 10 years or more, it is likely you will have joint assets in the form of property and bank accounts. You will need to make decisions about how these are dealt with in the separation/divorce. It may be that sole property (such as savings or pensions) may also be considered.
You may also have children and need to make decisions about how contact is going to work for them.
When considering what financial order to make, the Court would consider the factors listed at Section 25 of the Matrimonial Causes Act. It is indeed possible that you and your spouse or partner can come to an agreement on the finances without having to go to Court but it is really important that both parties take legal advice early on and during the negotiation stages.
If you would like advice on divorce and finances, please contact our Family Solicitor, Danielle, on 01243 790 532 or email email@example.com
This blog is for information purposes only and should not be interpreted as legal advice.