Pothecary Witham Weld Solicitors

Saturday 31st July 2010
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Finances Print

The Court is required by statute to take certain factors into account in deciding how assets should be divided. We can advise you on how these will apply to you.

It is important that before any financial settlement is reached that there be a full and frank disclosure by both partners of their financial affairs. If it later transpires that a full and frank disclosure (by consent or by Order of the Court) has not been given, the innocent person will be entitled to re-apply to the Court. He or she can argue that the Court Order should be changed because of material non-disclosure when the financial Order was made.

Even where parties are in agreement concerning the division of assets, before we can obtain a Consent Order, a simple form of financial disclosure must be made.

The division of finances on the breakdown of a marriage or civil partnership is a hugely complex area of law. The Court has a very wide discretion and every case is treated on its own circumstances. This can make it difficult to predict an outcome.

We can advise you of your legal rights and obligations, and help you to identify factors which will apply to your case. We aim to give you practical advice, which will enable you to focus on the key issues and consider the financial and emotional impact of the possible courses of action. In most cases, we are able to achieve a satisfactory solution without the intervention of the Court. However, where necessary, we have the experience and expertise to pursue a contested application.