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.
Have the best divorce lawyers in your corner
Your local divorce solicitors since 1882
How much does it cost to make a Will?
Your divorce & finance
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.
Very professional service
Very professional service - at a difficult time due to Covid 19.
Helpful, prompt and efficient
Ms Michelle Fielding
I would definitely recommend Goughs
I definitely would recommend Goughs they were very efficient, very helpful and always informed us of what was happening in the chain.
Ms Kathleen Lucas
Thank you very much for doing a great job
Thank you very much for doing a great job as always, would recommend you for sure for being so efficient and getting the job done as quick as possible.
Very helpful. Advice clear with plenty of time for us to consider all the options before making decisions.
Very thorough, and we also got forces discount.
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.
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.
Great service, professional, great communication and handled what was a very sensitive situation with care and compassion.
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.
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.
The Goughs approach to
divorce & separation
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