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Always here for you

We can help you to achieve the best possible outcome, with the least amount of stress. Contact us today to find out more

We Are Here To Help

Always here for you

We can help you to achieve the best possible outcome, with the least amount of stress. Contact us today to find out more

Divorce Financial Settlement Solicitors London

Secure Your Future: Expert Financial Solutions During Divorce

Navigating financial settlements during a divorce can be highly stressful, especially when children are involved. At Goodsells, you’ll work with Donna Goodsell, a seasoned divorce solicitor with over 25 years of experience, who specialises in advising professionals and high net worth individuals.

We are committed to reducing your stress by tirelessly working to secure a fair settlement, ensuring you receive the highest quality of service tailored to your unique circumstances.

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Bespoke Service
Affordable Fees
Family Law Specialists
Highly Rated

Expert Financial Resolution Services

Navigating Complex Divorce Settlements with Precision and Care

At Goodsells, we expertly handle the complex financial aspects of divorce and separation, providing you with clarity and confidence. Navigating through financial settlements can be overwhelming, especially when substantial assets or children are involved. We specialise in achieving fair and favourable outcomes that protect your financial interests and future.

Our lead solicitor, Donna Goodsell, brings over two and a half decades of specialised experience in family law. Her expertise particularly extends to advising professionals and individuals with significant assets, ensuring personalised and discreet service. With Goodsells, you gain a partner who is committed to minimising your stress and securing your financial stability post-divorce.

Trust us to guide you through each step with precision and care, aiming for resolutions that align with your goals and needs. At Goodsells, we don’t just provide legal advice—we deliver peace of mind.

SETTLEMENTS FOR UNMARRIED COUPLES

Division of Finances For Unmarried Couples

If you and your ex-partner were not married but had been living together, there is no formal process that you must follow when separating. However, you may need professional advice and support if you and your partner are struggling to agree on crucial issues.

A mediator or solicitor can help you to reach a consensus and work through any sticking points, such as a disagreement over who is responsible for any debt owed and who is entitled to your shared home or money in your joint account.

At Goodsells Family Law, we put you and your family’s interests first. For most people, this means achieving a fair, quick and effective agreement without the need to go to court. However, if your circumstances are particularly difficult, for example, if your ex-partner is not willing to negotiate, we may recommend making a court claim. In this case, we will provide a clear and strong strategy to achieve the best outcome.

More and more cohabiting couples are entering into Cohabitation Agreements. These put into writing your shared wishes on what should happen to your assets and finances if you separate. These Agreements provide clarity and certainty for the future and can help you to avoid costly legal proceedings. We can help you draft a formal agreement or provide advice on whether an Agreement drafted by your partner’s solicitor is fair.

Explore Our Divorce Services

No Fault Divorce

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Separation

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Financial Claims

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Child Matters

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Why Goodsells

Top Reasons to Choose Us

Competitive Pricing

We offer a first class service at affordable prices aimed at professionals who want a tailored service.

+25 Years Experience

Your case will be dealt with exclusively by Donna Goodsell, it will never be delegated to a junior lawyer.

Bespoke to You

As a boutique law firm, your case will be our priority, helping you to maximise your outcomes with minimal stress.

Financial Settlement FAQ’s

How are assets divided in divorce?

Deciding how assets should be divided when a couple divorce is often complicated. Both parties are required to provide full disclosure of their finances, including savings, investments, pensions and properties that they own or have an interest in. Outstanding debts will also have to be disclosed by the spouses.

Financial disclosure is followed by a period of negotiation. It is important to remember that there are no set rules to determine what a financial settlement should look like and that each party’s unique and specific circumstances will be taken into consideration.

The Family Law Courts in England now take an approach that may prioritise a party’s “needs” rather than their “reasonable requirements”, as was previously the case. When deciding what will constitute a fair settlement between spouses, consideration will be given to factors such as the following:

  • Your respective assets and finances
  • Your respective current and future needs
  • Your current earnings and earning capacity
  • Any foreseeable change in your respective financial circumstances
  • Any children you have, their ages and needs
  • Your age and that of your spouse
  • Your health and any impact this may have on your respective ability to earn in the future
  • The length of the marriage and, possibly, the time you lived together before marriage
What assests can you assist with?

Our divorce and finances solicitor can assist with issues including what happens to:

  • The family home
  • Pensions
  • Savings
  • Investments
  • Inheritances
  • Second homes, holiday homes and investment properties
  • Business assets
How is a house divided in divorce?

The family home can be a serious point of contention in divorce proceedings. Where there are children, it is normal to want to make sure they can keep living in the family home to avoid further disruption to their lives, but this may not always be possible.

Some potential options for dealing with the family home include:

  • The home is sold, and the proceeds are divided between the separating spouses (not necessarily evenly)
  • One spouse keeps the home, and the other takes a bigger share of other assets
  • One spouse keeps the home and buys out the other
  • The sale of the house is deferred until a certain future point, e.g. when children turn 18 (this can be done with a court order such as a Mesher Order)

Which of these options may be right for you will depend on your circumstances, so it is important to get specialist divorce finance advice as soon as possible.

How are pensions split in a divorce?

After the family home, pensions are often the most valuable asset that must be considered when getting divorced. They are usually essential to your future financial wellbeing, so they should not be overlooked.

There are two commonly used options for dealing with pensions in divorce:

  • Pensions sharing – where a percentage of a pension pot is placed into a separate pension scheme for the benefit of the other spouse
  • Pension offsetting – where the value of one spouse’s pension is offset by giving the other spouse a bigger share of other marital assets, e.g. the family home

There is also another rarely used option called ‘pension earmarking’. This involves agreeing that a certain percentage of the pension will be given to the other spouse on a regular basis once the pension starts being drawn. This is not usually an attractive option as it keeps the ex-spouses tied together long term, when the court’s preference is to impose a clean break between them.

How long does it take to get a divorce financial settlement?

This will entirely depend on the situation, but generally, it will be much faster if you can negotiate a settlement than if court proceedings are required.

Negotiated settlements can usually be achieved within a matter of months, while it may potentially take years to secure a court-ordered settlement.

How long after a divorce can you claim assets in the UK?

There is no time limit beyond which someone can no longer make a claim against the assets of a former spouse. It is therefore vitally important that any divorce settlement you make includes a ‘Clean Break Order’ as this prevents any future financial claims by either party against the other. Without a Clean Break Order, there is nothing to prevent future financial claims by either spouse.

What is a Financial Order in divorce?

A Financial Order, sometimes called a ‘Divorce Financial Order’, is a type of court order which specifies how a divorcing couple’s shared assets should be split between them. They are rarely needed these days as most couples agree on a voluntary settlement instead.

If you do apply for a Financial Order, the court will decide how your assets are to be divided, looking at factors including what assets there are, what needs each person and any children have, and how long the marriage lasted.

The terms of the Financial Order will be legally binding on both parties.

TESTIMONIALS

Hear From Our Clients

Ms P

Italo-Argentine

    I will always be grateful for the most professional care offered to me by Donna. As a Spanish speaking client Donna helped me through the years with great patience and human ethic as well as representing me legally with outmost excellence. I recommend her strongly without any hesitation.

 

Ms D

Client

This solicitor came highly recommended and did not disappoint, she was always accessible and helpful at a very difficult time in my life. Her attention to detail was impeccable and I was happy with the outcome. Thank you .