Finances on Divorce

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 them to a satisfactory solution. 

At Goughs we are highly skilled in 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.

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 will 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. 

Divorce Settlement: What Am I Entitled To?

Once we have a clear picture of the family finances, we can explain how the law would likely apply to consider your circumstances. 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’.

Divorce for Military Personnel

For specific and detailed information on divorce for those in the military, including military pensions, please click here.

What Do I Need To Do To Secure My Financial Future?

For further advice on how divorce could impact your personal financial situation, get in touch today for a free 30 minute consultation. Book your appointment here, call 01249 712193 or your local office.

What Our Clients Had To Say:

"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."

"Tom showed that his reassuring, professional personality proved to be the key in dealing with the complex issues involved in my divorce proceedings. Tom can only be described as kind, caring and willing to go above and beyond what anybody could expect from a family solicitor." A.H, Chippenham