Clear legal support for families
parmjeet@sadlercross.co.uk
Dividing assets, property, pensions and ongoing financial arrangements following separation is often the most complex and emotionally challenging aspect of divorce or civil partnership dissolution. Parmjeet takes the time to understand your financial position, lifestyle and family circumstances in order to secure the best possible outcome for you.
When assessing the potential division of assets, she carefully considers both parties’ financial resources, ages, health, current and future earning capacity, housing needs, and any specific requirements. By gathering and analysing this key information, she works to achieve a fair and sustainable financial settlement that protects your future.
Full financial disclosure is required, normally by way of a Form E, which sets out what information is required by each party.
The Court uses the law and past cases to help it make decisions, but Judges also have a lot of flexibility. That means the outcome of financial matters can be hard to predict. Legal advice will guide you on what orders the Judge might make and suggest ideas for reaching an agreement without having to go to court.
When it comes to dividing assets, the Court usually starts by looking at a 50/50 split. From there, the Judge considers whether an equal split is fair. For example, one person (or the children) might need more money to sort out housing, or one person may have brought much more into the marriage in the first place.
The Court can also review any pre- or post-nuptial agreements when deciding on the outcome of your matter.
If you suspect the other party is not providing full financial disclosure, the court has powers to order further disclosure, question the other party under oath, or draw adverse inferences if they fail to comply. This is where legal advice is particularly important.
It is strongly advisable to resolve financial matters before the Final Order (which ends the divorce) is granted. Once you are divorced, certain financial claims can be affected, particularly in relation to pensions. Legal advice can ensure your financial position is protected.