Finances

It is a major concern upon the breakdown of the marriage as to how the party’s finances are going to be resolved.

If you would like advice as to the likely division of finances upon separation or divorce, please click here to arrange an appointment to see a member of our Family Law Team or telephone one of the numbers below.
 

Procedure

It will be necessary for both parties to provide full and frank disclosure of all their assets, income and liabilities for both negotiations to take place and orders to be made.
 

What orders can the Court make?

There are a whole range of orders that the Court can make in relation to finances such as:

• Periodical payments (maintenance)
• Orders for the sale of Property
• Orders transferring property
• Pension sharing/attachment orders
• Orders to pay a lump sum
   

What factors will the Court take in to account when dividing finances?

The court will look at:

• The welfare of any minor children.
• The income, earning capacity, property and other financial resources that each party has or is likely to have in the foreseeable future.
• The financial needs of each party.
• The standard of living enjoyed by the parties.
• The age of each party and the duration of the marriage.
• Any physical or mental disability of either party.
• The contributions each of the parties have made to the welfare of the family.
• The conduct of the parties, but only if it is so bad that it would be unfair to disregard it.
   

Independent Financial Advice

Our in-house financial advisers can offer independent financial advice and have many years experience of dealing with financial issues relating to divorce and separation including pension sharing arrangements. For more information, please visit our financial services section.
 

Contact Details

Sleaford	(01529) 411500	Eleanor Thornton
Grantham	(01476) 591550	Joanne Chidlow
Boston	(01205) 310025	Karen Motley
Horncastle	(01507) 522456	Robert Smith
Spalding	(01775) 725664	Karen Motley
Lincoln	(01522) 814600	Jane Speed
Newark	(01636) 673731	Elaine Cargill
Stamford	(01780) 764145	David Small