Financial Settlements

Mills Chody LLP has experienced divorce and financial settlement solicitors who offer quality legal advice and exceptional client care.

Financial settlement must be dealt with separately, alongside the divorce or dissolution. If a financial settlement is not put in place, your ex-partner could potentially make a claim against your assets including property, savings, capital, business, pensions or income many years after your divorce or dissolution.

When negotiating a financial settlement, both parties are under a duty to disclose the full extent of their financial position. There are various factors to consider such as properties, other capital assets, debts/loans, pensions and incomes.

Where there are children involved, their welfare and future financial support is always the first consideration. The children’s financial and housing needs are going to be at the forefront of the courts mind and it may mean that the assets are distributed in favour of the parent with care to ensure the children’s needs are met.

Our family law specialists are experienced at analysing financial circumstances and revealing assets that may be concealed or hidden. We can also assist in proving claims to assets held overseas that your spouse may want to exclude from the settlement. We can advise you of which factors are relevant in your situation and give you an early indication of the likely settlement.

We will at the outset advise you if there is a need for you to secure a financial injunction to preserve assets pending settlement.