Financial Arrangements & Legal Advice
Financial arrangements can be a delicate and complex matter at the best of times. However, if you’re going through a divorce or separation, they can become much more complicated. With two people needing a home, maintenance, accommodation and the needs of children to consider, the situation can quickly feel overwhelming and difficult. This is why seeking financial advice at an early stage is essential.
Here at Nash & Co Solicitors, we know that particularly in times like this, agreeing on how to divide your finances and assets can be a daunting prospect. However, our team of highly experienced solicitors in Plymouth are on hand to support you. We’ll work with the other party so that you can both move forwards.
Legal financial advice you can rely on
The starting point is to avoid a legal confrontation where possible. A full and frank disclosure can help to achieve a negotiated, legally binding financial settlement. Where this is not possible, Court proceedings may be needed. This process takes multiple factors into account, which are weighted in line with your circumstances.
Our team is here to guide you and to build and present the strongest case to Court. We will take into account incomes, earning capacities, property and financial resources. The solicitors also consider criteria around your age, health and the standard of living enjoyed by the family. Our specialist team has particular expertise in pensions. This includes military, police, firefighters, teachers and medical pensions.
Financial arrangements & legal advice – what to expect
If you’re in need of assistance with regards to your financial arrangements, the best advice we can give you is to contact a solicitor as soon as you can. Our legal team will provide you with pragmatic, practical advice based on your personal circumstances. Our solicitors will be there to help you to understand the process involved in moving forward to reach a resolution.
To achieve this, we recommend taking legal from a lawyer or solicitor at an early stage. In many cases, our clients can reach a financial settlement out of court. However, if this is not possible, court proceedings may be needed. This process considers criteria such as income, earning capacity, property and financial resources. Your age, health and the standard of living your family enjoys are also considered.
Financial arrangements & legal advice – what to consider
If you have a premarital or prenuptial agreement and a Will in place, then this will help to simplify your financial arrangements in the event of a relationship breakdown. However, if you don’t have these arrangements in place, you will need to negotiate a legally binding financial settlement with your former spouse.
Pensions are also considered during this process. Our team is well versed in matters relating to military pensions, public service pensions (i.e. firefighters, police etc), teacher’s pensions and pensions for medical professionals. Our team of legal experts will guide you through court proceedings. This will help you present the strongest possible case to the courts.
However, if you and your former spouse have gone into business together or you’ve married into a family business, then your financial arrangements and affairs can be even more complicated. We have decades of experience in assisting clients in these kinds of situations. Our team of solicitors in Plymouth can help to head off any future conflicts by making legal arrangements. These arrangements can state what should happen with the business in the event of a bereavement, divorce, separation, one party remarrying or deciding to leave or sell their share of the business.
If you’re in need of advice on financial arrangements, please contact Anne Shears from our Family Law team. Anne’s email address is [email protected] or you can call her direct on 01752 827030. Alternatively, you can email us at [email protected].
Our highly trained and experienced solicitors will speak with you to find out more about your situation. We will listen to your concerns and answer any questions you may have. This will help you to be assured you’re in expert hands.