When two parties separate, whether they have been cohabiting, are married, or in a civil partnership, it is necessary to deal with the financial assets that tie them together. Often there will be the home where they lived which is in one or both of their names. There may be a business, pensions, a holiday home or other investment property, and potentially the need for continued assistance with income to meet the mortgage, bills etc. Walking away from a relationship does not make these things disappear.

It is important that advice is obtained to separate and deal with all aspects so that a fair settlement can be obtained. We have a great deal of experience in dealing with such matters and are very aware that this can be a very emotional and upsetting time.

Many people are worried about the cost of instructing solicitors to deal with such matters but the potential cost of not dealing with them can be much greater. Divorce does not automatically mean that a married couple are no longer financially "tied" to each other.

For example, if one party inherits after a divorce or wins the lottery, unless a "Clean Break" Order has been made, the other party can make a claim against that inheritance even many years later. Furthermore, if one party dies, the other party can still make a claim against their estate. It is for this reason that it is important not only to come to an agreement as to finances on divorce but also to ensure that a Court Order is obtained. If obtained by consent, neither party has to attend the Court.

If parties do not want to divorce immediately, a Deed of Separation should be drawn up to record any agreement they have made.

Our specialists have extensive experience in relation to all financial and property matters and we can assist with all issues surrounding divorce and separation, including children disputes, obtaining parental responsibility, domestic violence, wills, buying, selling and transferring property.

If we can be of assistance, please contact our specialist family solicitor Tom Clements on 01473 244434 or e-mail him at tom.clements@harmonylaw.co.uk