relationships can be complicated

personal money issues

When a relationship breaks down, both parties will inevitably have a number of financial claims.

There are many money issues that may arise following a separation or divorce, so you can take comfort in knowing that Lees Solicitors will be there to guide you throughout the process. Our experienced team will help you to understand your legal rights.

common claims

While each divorce or separation is different, the financial claims made by both parties frequently focus on the following areas:

  1. A property, e.g. the family home
  2. A lump sum of money
  3. Transferring assets, e.g. investments or business shares
  4. Maintenance
  5. Pensions

When deciding how to resolve these issues and arrive at a settlement, financial disclosure on the part of both parties is often required. This means that all relevant assets (including business assets), liabilities, income, outgoings and pension provision and more are revealed along with supporting documents.

Once this information has been established, the parties and their advisors can start to properly and sensibly negotiate a financial settlement.

what will the court take into account?

When reaching a decision on personal money issues for separating couples, the court will consider a variety of factors related to both parties, including:

  1. The welfare of any minor children
  2. Income, earning capacity, assets and financial resources
  3. Financial needs, obligations and responsibilities
  4. Standard of living
  5. Age of each party
  6. Length of the marriage
  7. Health of each party
  8. Contributions (financial and non financial)
  9. Conduct
  10. Loss of certain rights (such as pensions)

get legal advice from lees solicitors

As you can see, there is certainly a lot to consider and having an experienced legal team behind you can make all the difference in protecting your assets.

Our expert divorce solicitors can support you every step of the way, while we can also advise unmarried couples on how to protect their assets should their relationship end.

Call us today on 0800 387 927 or fill out our enquiry form to find out how we could assist you with your money issues.

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