Family Law in Waltham Abbey
Married – Financial Solicitors Essex
We understand that after a divorce or separation how important it is for you to ensure that you and your children are well protected and comfortable financially.
We will assist you in reaching a reasonable settlement that is realistic and ensures you can retain sufficient assets, pension rights and income for your future.
There is no universal mathematical formula that can be applied to every case. Each case is individual, and we will consider your particular circumstances and advise you on the type of settlement you can realistically achieve.
Under Schedule 1 of the Children Act 1989 – unmarried partners can make a financial claim.
The Children Act allows the Family Court to make financial orders in respect of the following:
- Periodical Payments – these are additional payments above what has been agreed with the CSA and include such things as child care costs, school fees and in some cases costs in relation to higher education such as going to university.
- Capital Lump Sum – the Court awards a specified amount for child-relations such as equipment and furniture for the child’s home, a car or computer.
- Property Adjustment – this is either a transfer or settlement of property to ensure a home for the children until they reach adulthood. This property will then revert to the funding parent.
We routinely deal with divorce settlements and resolving complex financial matters including hidden assets and disclosure. We are here to advise you what financial information and documents are required, the procedure if you unable to reach an agreement out of court, the likely outcome of a contested Court hearing and the costs involved.
We always start with and encourage parties to settle either through negotiations, mediations or collaboration. However, where this is not possible we will ensure that your case is prepared for a contested hearing to achieve the best possible outcome for you and your children.