Financial remedy
One of the most worrying aspects of the breakdown of marriage is what will happen to the assets and debt accumulated both during and before the marriage was registered. Ancillary relief was the term used to describe this financial provision but this is now known as a financial remedy.
Our family law solicitors deal with financial issues on a daily basis and can help you to understand your rights and your responsibilities, allowing you to negotiate from an informed position.
Where possible, we will help you to reach an agreement with your former partner, without the intervention of the Courts; this could involve putting you in touch with local mediators or negotiating with your partner or their solicitor on your behalf.
Of course, should you ultimately need to ask the Courts for a financial order, our family law solicitors will be there to guide you through the process, from explaining how the law applies to your specific situation and advising on how the Court will proceed, through to supporting you in your communications with the Court.
The Court is able to make orders relating to:
- Periodical payments (maintenance)
- Secured provision (maintenance that is charged against an asset)
- Lump sum (a cash payment)
- Transfer of property (where legal ownership of an asset is taken away from one spouse and transferred to the other)
- Pension attachment and pension sharing
The Courts have wide-ranging powers on divorce to redistribute income and capital assets and we are able to advise you as to the types of orders that the Court is likely to make in your case.
Furthermore, we recognise that each breakdown is unique and we will tailor our legal advice to meet your needs.