Financial matters

In many cases there will be financial matters that may need to be resolved as part of a divorce. It is important to consider the full picture not only financial but also non-financial too. We advise in relation to assets such as the family home or properties, all types of pensions through to businesses and issues with regard to Trusts. At Barrett & Co we work closely with colleagues and other professionals to ensure you are fully advised as to your personal circumstances.

Consideration should be made as to how you wish to deal with your financial circumstances and please see the link to Resolving Family Disputes for the various options open to you.

It is important to be aware that, where there are outstanding financial matters, it is often sensible to record how any assets are to be shared. If it is possible to agree a settlement voluntarily then it is sensible to record this agreement into a document known as a Minute of Consent Order. For this to become a binding document, it is important that a District Judge considers and approves such an Agreement. A Judge can consider any draft Orders as part of a divorce or dissolution of a civil partnership post the date of Decree Nisi (Marriage) or Conditional Order – Dissolution (Civil Partnership).

Quite often, where there is a dispute between parties’ and where they seek advice from their Solicitors, financial information will need to be exchanged between the parties. All parties’ have an ongoing duty to provide full, frank and transparent disclosure of all their circumstances including assets held abroad.

Whether by way of voluntary exchange, Court application, mediation or collaborative law – all parties are encouraged to try to negotiate to reach a settlement but it is important that you fully consider each of the processes available to see if one suits your needs more than the other.

From experience, it is again worth stressing that, in order to avoid huge conflict and tensions between you and your ex-partner/spouse, proper consideration is given to minimising those conflicts, especially where there are children involved, but even when there are not, the collaborative process can assist client’s greatly in achieving this aim.

Aadil Khan offers a fixed fee initial meeting of one hour to discuss your personal circumstances, your options and your next steps, at a cost of £95.00 ( inc VAT), followed by a free letter of advice.

Aadil will meet you in our Reading Berkshire office. If you would like to meet with Aadil please telephone the office so that an appointment can be arranged.

Due to the impacts of Coronavirus and government guidance, our Fixed Fee Meetings will occur as telephone meetings.

Aadil is a Solicitor specialising in Family Law and is a member of Resolution (formerly The Solicitors Family Law Association). Aadil has many years’ experience as a family solicitor and handles cases ranging from issues involving children to cohabitee disputes and divorce cases. He has a calm, analytical and sympathetic approach with clients and provides realistic advice to achieve lasting solutions to emotionally fraught and complex issues.

To contact Aadil, please telephone 01189589711. If you prefer you can email: [email protected]