Divorce & Finances

Specialist divorce lawyers for high net worth individuals

Finances on divorce

Helping you secure what is rightfully yours

The financial implications of divorce are extremely worrying for all couples, and unfortunately in the short-term many people will suffer financially when getting divorced. The Family Law Team at Goughs Solicitors have a wealth of experience in advising our clients in this difficult area and guiding you to a satisfactory solution. 

At Goughs we are highly skilled at addressing each individual client’s situation – whether that is through the collaborative process, constructive negotiations between solicitors or (usually as a last resort) the formal court route. We also frequently refer our clients to mediation.

Get the best outcome for
you & your future

We’re aware of the importance to our family law clients of reviewing other arrangements (such as wills, taxation and joint ownership of property) and ensure we explain clearly the options you have in relation to protecting your assets for the future.

Rest assured, you will be given realistic advice, as there is nothing worse than creating false hopes at an already difficult and emotional time. To do this, we require facts and figures relating to each person’s income, assets, liabilities and pensions, supported by documentation. If you are considering separation or divorce, it is worth starting to get this information together as soon as possible.

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Your local divorce solicitors since 1882

Your divorce & finance
questions answered

Once we have a clear picture of the family finances, we can explain how the law would likely apply to your circumstances, taking into account your needs and priorities. Essentially the law searches for a solution to family finances that is fair. Its first consideration is always the welfare of any children under 18. After that, there is a detailed list of factors which may be relevant to each individual case.

Above all, it is important to try to meet financial need and to avoid discrimination between the spouses: if one has been the homemaker and the other the breadwinner, these roles are given equal importance. Every case is also subject to a cross-check against ‘the yardstick of equality’.

As there are so many variables, we strongly advise you to book an appointment with a specialist to asses your unique situation. 

When splitting up, it is important to realise that getting divorced doesn’t mean the automatic end of your financial relationship with your spouse. 

To break ties completely you must additionally reach a financial settlement which should ideally become a court order and therefore be legally binding. 

Getting this sorted at the time of your divorce is highly recommended to avoid further disruption to your life further down the line. 

Book an appointment with a specialist lawyer today to discuss your situation. 

Being unable to reach a satisfactory financial settlement with your spouse can unfortunately lead to problems both now and in the future. Loose ends may mean that financial negotiations must continue even after the marriage has legally ended. 

For example, where a matrimonial property is concerned and an agreement is not reached, it may prevent one or both parties from getting a mortgage, buying a future property and therefore moving on with their lives. Many people also wish to protect their assets against claims in the future by their ex-spouse.

When splitting up on amicable terms, dividing financial assets can seem like an unnecessary burden to take on. However, if finances aren’t settled at the time, rifts can sadly appear later as partners try to move on with their lives, often with new partners in the future. 

For advice on how to protect your financial  future please book an appointment with a separation and divorce finance specialist.

Digmore Sid

Excellent service

I engaged the services of Goughs Solicitors in Trowbridge, in particular Ailie Peacock, to act on my behalf for the sale of my house. Ailie was always clear with her advice, acted in a timely manor and answered any questions I had almost immediately. She was very proactive in dealing with the other parties involved in a slightly convoluted chain.

Ailie also managed a very late request from our buyers with calm efficiency and the utmost professionalism. The end result was a smooth sale and completion, with remarkably little stress on our part. I would not hesitate from using them again.

2021-02-27

Margaret Wilson

Clear concise advice

Quick response to e-mails or phone calls. Will certainly use again in the near future. Clear concise advice patiently given!

2021-03-09

Mr Ian Liddle

Excellent service

Excellent service as usual.

2021-04-01

Alan

Superb once again.

Superb once again. Goughs provides outstanding service... professional in getting the job done and conducted with grace and care. Thank you Goughs!

2021-04-01

Ashley Stone

Rhianna Cole

The solicitor I dealt with at Goughs, Rhianna Cole, was an absolute star, I cannot fault her in any way at all. She made everything in the situation I was in so easy to understand, and she guided me through an extremely stressful time, with extreme professionalism, yet a very personal and sensitive touch. Can't big them up enough.

HIGHLY RECOMMENDED.

2021-04-01

Matt Saunders

Made first-time buying a (relatively) simple process!

Sophie was very attentive and responsive and understood the need to act quickly in regard to our purchase process. She was diligent with the paperwork and was very easy to talk to and clear at explaining what was required in terms of action from our side and from the seller.

2021-04-08

Testimonials

Chambers & Partners

Chambers and Partners produces international rankings for the legal industry

Adept at handling complex divorce proceedings and related financial disputes. Regularly assists with challenging private law children cases. Offers further experience in negotiating pre-nuptial and cohabitation agreements.

2021-02-01

Legal 500

The Legal 500 is a research, ranking and publishing firm based in the UK

Goughs is a strong team that has strength and depth in its family law department. They are known for achieving good client outcomes and their good client care.

2021-02-01

Russell Fitch

Great service

Great service, professional, great communication and handled what was a very sensitive situation with care and compassion.

2021-02-10

Anon

Very calm and clear

My lawyer was very calm and clear and she put me at ease during a very stressful time. The outcome was exactly as I'd hoped.

2020-10-15

Anon

Highly satisfactory

Thank you for all your help, guidance and understanding over the last 2 years. You and your team have been outstanding during a very difficult time and managed the case through to a highly satisfactory conclusion.

2020-09-09

The Goughs approach to
divorce & separation

Goughs approach to divorce & separation
Goughs approach to divorce & separation
Is divorce a 50/50 split?
Is divorce a 50/50 split?

FREE 30 minute consultation with a family lawyer

We offer a free 30 minute no obligation consultation providing you direct access with one of our professional Family Law specialists.

Why work
with Goughs?

Local since 1882, with an excellent reputation

First-class, effective service

Largest solicitors in Wiltshire

Seven offices throughout the county

Nationally accredited law firm

Recognised by Legal 500 and Chambers & Partners

Your divorce & finance team

Matthew Drew

Head of Family & Finance Partner

As head of Goughs Family Department, Matthew specialises in complex, high-value financial cases following on from divorce and separation.

Rhianna Cole

Senior Associate

Rhianna has over 11 years of experience as a Family Law specialist and greatly enjoys the different aspects and challenges of this area of law. Having joined Goughs in 2013, Rhianna progressed to Associate level before becoming a Senior Associate in 2020.

Mark Hood

Solicitor & Head of Armed Forces

Mark completed a twenty-year Army career in the Royal Logistic Corps as an officer before changing tack to pursue a career in the law. Mark has a particular interest in, and an understanding of the effect that life in the military has when facing relationship upheaval or other related family law problems.

Georgina Catlin

Solicitor

Georgina has been practicing Family Law for over four years, qualifying as a Solicitor in 2018, and joining Goughs in 2019. Over the years she has developed a strong ability to empathise with others whilst also delivering firm and clear advice to clients to ensure their best interests are protected.

Thomas Boyce

Partner & Head of Farming & Rural Land

Thomas joined Goughs in April 2015 and was made a Partner in 2016. He is an experienced family law specialist and advises a wide range of clients, both married and unmarried, on the implications of relationship breakdown.

Alice Blackmore

Associate Solicitor

Alice joined Goughs in January 2020 and was promoted to Associate in April 2021. She is experienced in dealing with all areas of family law including disputes involving children, divorce, separation, finances, and cohabitation.

 

Related Pages

Ensure you have all the information you need.

Discover all the options available to you.

Divorce & Separation

Children Matters

Domestic Abuse & Injunctions

Cohabitation Agreements

Alternative Dispute Resolution

Collaborative Law

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