Divorce can be daunting, and emotions can run high, particularly when considering the division of property and assets and when Children are involved. These issues can be overwhelming, the matrimonial and property advice provided by Taunton Solicitors offers clarity and support.
Divorce and the Division of Assets
When people think of divorce, they often focus on the division of the family home or joint bank accounts. When children are involved this is always a priority. You must also consider division on divorce, such things as:
- Pets
- Vehicles and valuables
- Houses and real estate
- Savings and investments
- Pensions
- Businesses and trusts
- Debts and liabilities
The law encourages couples to try to reach an agreement on the division of their property and assets. Taunton Solicitors can assist in protecting your financial position by ensuring you are aware of the risks and potential future consequences of any agreement. If agreement with your partner is not possible, the court can decide by imposing a financial order.
How does the court divide property and assets upon divorce?
Many people assume that assets are automatically divided equally. Property and asset division is not based on a fixed formula or automatic percentages. The court will consider a range of different factors, assessing each case individually.
Ownership, or whose name appears on documents, cannot be relied upon on its own. The expert matrimonial and property advice provided by Taunton Solicitors ensures that relevant information is not overlooked and helps you to achieve a fair outcome.
Protecting your Financial Future
Property and asset division is not just about dividing what exists now, it is also about protecting financial stability for years to come. Whether this is achieved through a negotiated agreement or decided by a court, advice from Taunton Solicitors at an early stage can guide you through the process, letting you know what options are available moving forward.
Taunton Solicitors can assist throughout the process and is offering a 10% discount on advice relating to divorce and the division of property. Terms and Conditions apply – https://tauntonsolicitors.com/discount
Divorce and Division of Assets FAQ’s
What assets are divided in a divorce settlement in England?
In a divorce settlement, assets divided can include pets, vehicles and valuables, houses and real estate, savings and investments, pensions, businesses and trusts, and debts and liabilities. It is not only the family home or joint bank accounts that are considered. When children are involved, their needs and living arrangements are always a priority in any financial settlement.
Is property automatically split 50/50 in a divorce in England?
No. Property and asset division in England is not based on a fixed formula or automatic percentages. Many people assume assets are divided equally, but the court considers a range of different factors and assesses each case individually. Ownership, or whose name appears on documents, cannot be relied upon on its own. The court can impose a financial order if the couple cannot reach an agreement between themselves.
What discount does Taunton Solicitors offer on divorce advice?
Taunton Solicitors is currently offering a 10% discount on advice relating to divorce and the division of property. Terms and conditions apply. The firm can assist throughout the entire process, from protecting your financial position and ensuring you understand the risks of any agreement, to guiding you through negotiations or court proceedings to achieve a fair outcome.