Financial Arrangements

Regardless of whether there is dispute over any financial aspects, even if you are in agreement, it is essential to ensure that you receive appropriate advice and the correct procedure is followed in order to reach an outcome that binds you both.

Both parties are expected to be open, transparent, honest, and must provide full details of their respective financial situation. Without this, it is impossible to negotiate, mediate or come to any agreement. Putting together this financial information whether for negotiation or court process needs experienced guidance to ensure all relevant issues are covered.

Even when you agree, it is still crucial that the agreement you have reached is approved by the Court. To be final and binding this must be within a divorce and not a separation. If not, it is considered “open ended” and can lead to future applications and challenges being made against your assets. Even where matters seem relatively straightforward, or there are no significant assets, it is still crucial to ensure that the process is followed correctly.

Some cases may become more acrimonious. Disputes may arise regarding assets being in your partner’s name which can potentially lead to the sale or disposal of an asset, putting your financial position at risk.

We can provide emergency advice on the protections you can put in place and in situations where the Court becomes involved, guide you through the process, including the factors that a Court will consider and those it will not.