Divorce Financial Settlement
Khans Solicitors are renowned for their experience in handling divorce financial matters smoothly and peacefully for our customers. We will support you hand in hand through out the process of settling financial matters.
We can help you in the following aspects of financial settlement;
- Entitlements to maintenance (spouse or kids).
- Sorting out family businesses.
- Dealing with pension plans.
- Payable one off amount.
- Division of all other assets & possessions like shares, stocks, ISAs, PEPs, costs bonds and also savings.
- Division of matrimonial house (i.e. whether it’s transferred to one event or put up for sale).
Clients usually think and ask why they need to go to the solicitor rather taking the matter in the court. They believe that by litigating in the court over the finances they would potentially get even more of the money/assets.
However, based on our 35 years of experience, we believe most of our clients could settle their cases, out of court. Going to court is costly, time-consuming and also worst of all, there is no warranty that you will certainly obtain the outcome you prefer.
How Can We Help You?
We will make negotiations very attractive for both parties quickly and cost effectively. We will make sure that there must be minimum effect of divorce on your kids as well as save you a significant amount of money and time. Following are some other perks, we can manage to get for you;
- You keep the control of your finances, not your solicitors or courts.
- It is a sensible as well as gracious approach, which will certainly keep your anxiety down.
- Kid’s preferences and benefits are prioritised utmost.
- You control and manage the process- there are no court deadlines to adhere to or hearings to attend.
- You both most probably will be able to maintain graceful relations after separation especially if you have kids.
We Are Proud Of What Our Clients Say About Us
We make use of KSolicitors for different lawful elements as well as constantly locate them to be incredibly expert. We constantly really feel extremely risk-free recognizing that we are being assisted by their actual qualified and also educated group. They will certainly constantly go above and beyond to making sure that we are maintained educated at each phase of the means.
Eugene Nadeau
Terrific individuals functioning there had the ability to aid with my non-standard question, as well as they were open in Covid time while I was fairly determined to locate any type of various other lawyer
Kevin James
We decided to do our codicils to our Wills at the break out of the Corona-virus, so we performed using the telephone or by e-mail and it went extremely efficiently. We got a fantastic online support throughout the procedure.
Joel Lee
Khans Solicitors accomplished the sale of our residence. I should discuss Muhammad Akram Rana particularly, he was really practical with recommendations when I required it as well as pleasant as well. I will absolutely return to Rana when we are offering once more.
Iqbal Butt
I possessed affair to handle along with Omar and also his co-worker Imtiaz worrying a significant illegal issue. Our interactions were actually done 'long-distance', as well as I located both Omar and also Imtiaz to be actually incredibly helpful, interesting as well as expert.
Danii Achury
I have utilized Khans Solicitors on a number of events. Omar guidance has constantly been prompt and sensible. I will most definitely be using Khans in the future, as well as they are now a main part of our company planning for the future.
Cory Lisbon
I utilized Khans Solicitors for a family law issue. Martin was very straightforward to take care of, I found him to be specialist in his method as well as a satisfaction to manage. I would have no reluctance in using him as well as Khans Solicitors once more.
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Frequently Asked Questions
If you have gotten to an arrangement with your spouse exactly how you are going to split your financial assets, you will still need to have this written as a legal binding agreement and our expert solicitors can arrange for you. We will prepare the agreement as required by law. Which will be acceptable by the court. It will not be an approved order unless approved by the judge.
You don’t require to must have the financial agreement during your divorce process. But if you don’t agree on financial settlement and get it written by a qualified solicitor then other party can proceed a financial claim against you. Which can cause you another trouble and money in future. We strongly suggest that you should get to an agreement as well as have an Authorization Order in place, even if you don’t share properties, pensions or financial savings.
Sometimes married couples or civil partners have the same income and divide the expenses equally but not always. If one person has stayed at home to take care of the house and kids, her financial contribution will be less than her spouse.However, both partners will have equal share of money and assets. Hence, it is highly recommended to get financial settlement agreement written as a Consent order.
While it’s always best if you and your spouse or civil partner can reach a friendly arrangement, however to make your arrangement law binding, you still need to get a Consent Order from the court. As the court will make sure that the settlement is appropriate, and that no one will be treated unfairly. Additionally it will make sure that both partners have to abide by the lawful arrangement securing you from the other party reneging on an agreement.
If you cannot agree on financial settlement mutually then, our specialist solicitors will certainly recommend Mediation to arrange mutual agreement. If this still cannot bring on mutual agreement then you will have to go to the court to get financial settlement agreed, addressing the following concerns;
- Partners age
- Both partners’ future potential income
- Assets like property and cash in hand
- Whether you were the income producer or a stay-at-home parent
It is very important to remember that the court will preferably put the children interests first when making a judgement on divorce financial settlement, as the court will certainly wish to guarantee that appropriate housing as well as financial backing are available to the children after their parents’ separation.
Like your property, cash and other assets, Your pension plan will be accounted to have a fair financial settlement.
Few of the practical options are;
- It can be offset by transferring to other partner a one off payment or compensating by transferring some other assets.
- splitting the pension plan fund right into 2 different pension plan funds, one for each partner.
- setting up that when a pension is paid, a percentage of it will be paid to the other partner.
Life insurance policy as well as endowment plans will be considered to have a fair agreement. You need to agree how each plan will be managed, whether premiums will remain to be paid for regular contribution policies, and also whether the recipients of any type of life insurance cover will be changed.
You could choose to retain individual policies or to sell. Any kind of policies in joint names will generally be sold or moved right into one person’s name.
Call us on 020 8553 5995 or contact us online and we’ll call you.
