Division Of Finances

Regardless of how the parties separate the issue of finances is always a concern . It does not matter how simple or complicated matters are advice is always required to ensure an effective separation occurs.

Most people want a clean financial break but it is whether or not it is appropriate or how that is achieved that can be an area of dispute. The issue of how property, income and pensions are to be divided is relevant in most people’s cases. Child maintenance can be a huge area of contention whether you are the person receiving the maintenance or the person paying the maintenance.

If financial matters are more complicated due to third party involvement i.e. family businesses, offshore accounts assets owned in another person’s name advice can be provided on this. It is crucial that financial matters are handled correctly to ensure you are protected. Advice can be given on what the settlement should be or if an agreement has already been reached advice can be given on how to achieve what you want. Importantly advice can be given to ensure the agreement is incorporated into the correct legal document. It may be important not to apply for the decree absolute until you have received advice upon this issue.

Financial claims on behalf of children if you are not married.

It is possible to make a claim on behalf of your child under the Children Act 1989 for maintenance if you are not married to the child’s other parent and if the Child Support Agency have no jurisdiction. An application can be made against the child’s other parent for property provision, capital and school fees. This can include money for school fees , specialist equipment for a disability and housing provision to ensure the child is adequately housed until they finish full time education.