Financial Settlements
In matrimonial matters, gaining a financial settlement is extremely important, when separating from a partner. It is also one of the most complicated aspects of a divorce. If financial issues aren’t resolved fairly and formally then outstanding matters could cause serious problems in the future, even after a divorce has been finalised. Achieving agreement is vital in any divorce case.
The Family court will have the ultimate decision on the division of finances and this will be agreed in the form of a consent order.
The type of financial arrangements covered in the financial court order relate to property, money, investments, shares, savings and pensions.
It is important to remember that division of debt will also have an effect on the overall financial outcome. Maintenance for both partners and children will also be a consideration for the court.
Fairness will be the priority of the courts but this might not necessarily be what a client may perceive it to be. Taking advice on division of assets is not always easy but Benussi & Co aim to achieve the best outcome in the shortest possible time.
Finances is one of the biggest hurdles to overcome during a divorce process. It can cause substantial emotional distress. The Benussi & Co Ltd team has vast expertise in this area, offering clients complete peace of mind regarding complicated financial proceedings.
It is never advisable to act on strong emotions when negotiating financial settlements. Deliberately running up debts on joint bank accounts or freezing them could damage the end financial outcome.
Each case is evaluated individually and some financial positions can be very complicated. It is inevitable that division of assets will take time.
Business assets, dependency, children, medical issues, property, debts and pensions will all need evaluating individually – honestly and fairly. The more there is to discuss, the more complicated things become, which is why legal advice with proven experts is essential regarding financial settlements.
Call one of the Benussi & Co Ltd specialists now to discuss any financial concerns you may have regarding your divorce
0121 248 4001
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