When divorcing, settling financial arrangements known as financial remedies can be more complex than the divorce itself. With offices in Leeds, Harrogate and York, our specialist financial remedies team is one of the most respected in the UK – and we work for clients regionally, nationally and internationally.
The starting point for sorting out your finances – whichever route is taken, is generally a disclosure of each person’s assets. These can include your home, income, other properties, savings, shareholdings, pensions and trusts – whether in the UK or abroad.
The court has a wide discretion in applying the law and the family assets are shared to achieve fairness – with the first consideration being the welfare of any children.
Because every case is individual, there is no set formula for how financial assets are shared and an unequal division may be required to meet the needs of one of the parties and the children. It might be that a ‘clean break’, which ends the monetary obligations between couples, is appropriate. Alternatively some form of maintenance payments, whether ongoing or for a fixed period of time, may be more suitable.
How Jones Myers can help
With our support and guidance, most people agree how their finances should be split without going to court – minimising cost and emotional and financial stress. If going to court (litigation) is necessary, our experienced team will guide you through every stage of the process and advise you as to the likely costs in doing so.
Experts in dealing with complicated business structures, family firms, trusts (including offshore), we also work closely with valuers, forensic accountants and tax experts when required.
To make an appointment or enquiry with one of our divorce and separation team by telephone or email, please contact Richard Peaker or Sarah Dickinson. All contacts will, of course, be treated in the strictest confidence. Alternatively, if you would prefer, please complete our enquiry form below.