It is important to consider the distribution of the finances at an early stage following separation. If matters are not finalised it is likely to cause issues at a later date and possibly indefinitely. There are a number of financial remedies available including maintenance payments, lump sums, transfer of property and redistribution of capital assets including business assets, pension adjustments and trust arrangements.
Most cases can be settled by agreement without contentious Court proceedings being necessary. We have extensive experience in dealing with all nature of financial remedies and we can advise you as to the realistic options and help you ensure that your needs are prioritised.
One of the most important points to note is that unless the Court seals a financial order within divorce or dissolution proceedings, financial claims remain open, save in extremely limited circumstances. It is therefore imperative that the issue of the finances is concluded within the proceedings.
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