Securing your financial future during or after a separation demands transparent and effective strategies, and we provide cost-conscious solutions for the equitable division of assets, maintenance, and other financial considerations.
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Introduction
Handling financial arrangements after a separation or divorce can feel complex and overwhelming. Our dedicated family law solicitors provide clear, compassionate advice on all aspects of financial settlements, including property division, spousal maintenance, pensions, savings, and business interests. We understand that every case is different, so we offer tailored solutions that aim to protect your future while respecting your emotional wellbeing. Whether negotiating fair agreements or representing you in court, our experts support you every step of the way. We serve clients throughout England and Wales, offering fixed-fee options and practical guidance to help you secure a stable financial foundation after your separation or divorce.
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ExploreTo help bring clarity and security during this time, we strongly recommend updating your Will.
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ExploreA financial arrangement is an arrangement between you and your spouse regarding your finances. For example, it may lay out how much money one spouse is due to pay the other spouse on a set basis i.e. monthly. There are different kinds of financial arrangements for different needs. For example, a child arrangement will decide how much child maintenance is paid from one spouse to the other. Our family lawyers will guide you through the financial division during divorce, addressing all relevant assets, including:
Cash, savings, investments, bonds, pensions
Assets, debts, loans, credit cards
Household contents
Any property that is owned
How you reach this agreement is up to you. You and your ex-spouse can reach an agreement and our lawyers can draft a legally binding document to make your agreement binding.
If you and your spouse are unable to reach an agreement, Lyons Bowe can act as a mediator to help you both to reach and finalise an agreement.
Alternatively, if necessary, you can opt to reach an agreement through the courts in which case the Judge will decide what the financial arrangement should be.
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Yes, sometimes spousal maintenance (money paid by one ex-spouse to the other) can be changed after the divorce is final. However, this usually depends on what the original agreement or court order said and if there has been a big change in either person's circumstances. If you want to know if spousal maintenance can be changed in your situation, it's best to speak to a solicitor like Lyons Bowe.
The time it takes to sort out your finances can vary. If you and your ex-spouse can agree on things together, it will usually be quicker. If you need the court to decide, it can take longer. It often takes several months to finalise everything. Lyons Bowe will work hard to help you reach an agreement as efficiently as possible.
Generally, child maintenance payments stop when a child reaches 16 years old, or when they finish full-time education (like A-levels) if that happens later, up to the age of 20. Sometimes, different arrangements can be agreed upon.
Child support costs (usually called child maintenance in the UK) are typically worked out using a formula. This formula looks at the income of the parent who will be paying, how many children there are, and how often the children stay with that parent. The Child Maintenance Service (CMS) is usually involved in this. If you'd like to understand how this might apply to you, get in touch with Lyons Bowe.
A court will only grant a freezing order when it deems granting an order to be necessary. The following criteria need to be met for a Freezing Order to be granted: Both spouses accounts must be based in England You must have a ’cause of action’ such a breach of trust or deceit There must be a real risk that your ex spouse will dispose of the assets or use them up or hide them
A financial settlement can include: Pensions, Assets & debts, Cars, Property, Money including savings, investments, stocks, shares, bonds, life insurance policies, Businesses, and Personal items
A post nuptial agreement can include an agreement on what should happen in the event of a divorce to: Assets & debts, Income, Any future income or assets gained, Personally and jointly owned assets or belongings, Any maintenance payments, How property should be divided, and Insurance payouts
Our Family Lawyers will work with you to give you an understanding of your financial position in your divorce. They will be able to advise how much spousal maintenance a judge would be likely to award you, or how much your ex spouse would be awarded. If you and your ex spouse are unable to agree on a spousal maintenance arrangements and your case goes to court, the judge will have the final say on the arrangements.
Finalising financial arrangements? It’s the ideal moment to draft or update your Will. Our Family and Private Client teams collaborate to ensure your assets are clearly distributed, now and in the future. Peace of mind, from court order to legacy.