Usually, as part of your divorce or dissolution, there will be the financial circumstances of the family to consider and resolve.
First and foremost, you should enter into voluntary disclosure. This will provide an up to date overview of the ‘matrimonial pot’ to help us ascertain how the assets should be split. There are various legislative factors which will be taken into account when deciding a fair outcome.
There may be occasions when one party seeks to claim assets as non-matrimonial and they should not be shared as part of the process.
This process can often be complex and confusing and therefore it is very important to seek legal advice about what is best for you.
Even if neither of you have significant assets, it is imperative that an order of the Court is made. This will become binding upon divorce or dissolution and will provide clarity for the future. It is largely unknown that without this financial order, you remain financially linked after your divorce or dissolution, meaning that either of you can financially claim upon the other, years hence.
For anything further, one of our specialists would be delighted to meet you to talk through your options and answer any questions. Please contact us at any time.