A Look at Some of the Factors Affecting Financial Settlements during Divorce
I'm going through a divorce in Cardiff, how can I ensure I receive a fair settlement?
The breakdown of any marriage can be a stressful and upsetting experience. So much so that you may not know where to turn next, or where to obtain the best legal advice to appropriately handle your divorce.
This is not the ideal frame of mind at all for ensuring that you receive a fair financial settlement, crucial to letting you start your new life.
When going through the mine field of divorce, you need the experience and reassurance that an expert divorce solicitor can offer you.
Alun Jones Family Law has a long standing established presence within Cardiff offering expertise from a trusted and established name.
Alun Jones Family Law offers the full range of legal services when going through divorce proceedings.
We will ensure that you are fully informed at every step of the way during your divorce and provided with expert advice. This is to ensure that you can make the right informed choices regarding your future when separating.
After all the division of matrimonial assets and sorting out the family's finances are matters only to entrust to an expert and specialist family solicitor.
Our specialist Family Law practice within the centre of Cardiff can help you resolve all family disputes and issues that surround your divorce.
What's important to note is that decisions relating to financial settlements and divorce are assessed on a case by case basis.
For advice that is tailored to your individual needs and family circumstances, contact Alun Jones Family Law today. Our friendly and professional solicitors within Cardiff can offer the full spectrum of options open to you and provide expert legal advice.
We are now going to look at some of the factors that can determine and influence financial settlements during divorce proceedings:
The Needs of the Parties and the Children
The Court will consider all aspects of the case and will pay regard to the needs of the parties. The Court will give first consideration to the welfare of any children of the family under 18.
The potential earning capacity of each party in the future
The ability of each party to earn an income in the future will also be taken into account.
Therefore, if an order is made for a maintenance agreement to be implemented, then information about each partner’s earning potential and capacity is likely to influence the level of maintenance and the term required.
The Court will also assess the likelihood of each partner entering the job market.
Consideration will also be given to the contributions each party has made such as sacrificing a career in order to raise young children for example.
The standard of living of both partners
The Court will assess the standard of living held by both parties during the marriage.
This is likely to be a factor regarding certain aspects of shared financial commitments that were held during the marriage as this factor may indeed need to be honoured post separation.
For example the couple may have placed an emphasis on supporting private education for their children, and although not a necessity, this may be taken into account post separation by the Court.
The length of the marriage
The length of the marriage will be considered when determining a financial settlement.
These are just some of the factors that may be taken into account at Court when a financial settlement is to be determined.
To ensure the next chapter of your life gets put on the best possible footing, you will need to receive a fair and equitable share of the matrimonial assets.
For expert and specialist Family Law advice from experienced solicitors, contact Alun Jones Family Law today.
Our expert and friendly team will guide you every step of the way through your divorce proceedings.
We have built up a solid reputation through having a long-standing presence within Cardiff. You can therefore rest assured you are in experienced hands
