How do you settle financial disputes held on Divorce?
Introduction
The Divorce process requires strong diplomacy if an amicable settlement is to be formed. To help you avoid getting negotiations off on the wrong foot we have answered some of our frequently asked questions with regard to settling your financial disputes.
Do I need a Divorce solicitor?
It is entirely possible to reach a financial settlement without appointing a Divorce solicitor. However a Divorce case with little or no disagreement regarding the family’s finances is rare.
The main aim of a Divorce solicitor will be to negotiate and evaluate what constitutes as a fair Divorce settlement for both sides. Therefore this impartial voice will help you to see all routes that are available to you and the best option for your circumstances. Divorce solicitors are also a way to realign your expectations to what is feasible and realistic.
Your family lawyer will often start by explaining the various options that are available to you. Therefore you may opt for a collaborative legal approach, family mediation or to litigate at court.
Why are full and frank disclosures advised within most Divorce proceedings?
A full and frank disclosure is what leading family law practices like AJFL would advise as the best course of action in the majority of Divorce cases.
A full and frank disclosure simply means each party has to disclose their financial positions each other and their respective solicitors. No hidden skeletons can therefore come wandering out of the closet at a later date regarding concealed finances.
A full and frank disclosure allows each partner’s financial positions to be carefully analysed and so your family lawyer can then offer you advice as to the best options that are available.
It is important to note that a full and frank disclosure does not mean the process needs to be handled exclusively via the courts. It is still entirely possible after a financial disclosure to be formed in an out of court settlement.
How can AJFL help negotiate and form financial settlements?
Some Divorce cases may encounter partners attempting to stash away assets, so it is imperative to seek legal advice as early on as possible. This is so that the marital pot does not get depleted before any division of assets.
It is also worth bearing in mind that what may be presented as a good deal by one partner could be deemed as an inadequate proposal when you are presented with all of the facts.
For example, one partner may try and force through a poor deal if they know one side is not receiving expert advice.
Contact us today to speak to a specialist family lawyer at Alun Jones Family Law.
