Understanding the tax implications of divorce settlements
Tax may not be front of mind when a married couple or civil partners decide to part; however, it is something that is very important
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We fully understand that after a divorce or separation, you wish to ensure that you and any children are well protected and comfortable financially.
We will assist you in reaching a settlement that is realistic and enables you to retain sufficient assets, pension rights and income to provide you upon separation and for your future life.
There is no mathematical formula that can be applied. Each case is individual. We will look at your particular circumstances and try and advise as best as we can the type of settlement you can achieve. If all relevant information is not available, then disclosure will be sought.
We always encourage parties to settle either through negotiation, mediation or collaboration. This will ensure all is concluded amicably and cost-effectively.
However, where an amicable settlement is impossible, we ensure that your case is prepared for a contested hearing to achieve the best possible result for you and your children. Our specialist team of lawyers work with the best professionals in their field to ensure that an all-around specialist service is offered to you.
For more information, please get in touch with us by using info@shortlands.co.uk or call us 02076299905 or book an initial online consultation.
Shortlands is a boutique family law firm with over 20 years of experience in dealing with the trials and tribulations of a divorce and all family law matters. As a result, we have become the first choice of family law specialists in London.
Our professional and highly experienced team of family lawyers can assist you in your legal matters with full respect, ensuring you maintain a private family life. For more extensive advice and information, please email info@shortlands.co.uk or call us 02076299905 or book an initial online consultation.
There are a wide range of claims that can be made depending on your circumstances.
Please see Your Rights.
If matters can be agreed than the agreement is filed with the court after the pronouncement of the Decree Nisi.
If matters proceed to court then matters could take six months to a year to settle.
If you do not have an income than an application for interim maintenance can be made seeking a monthly sum to cover utilities and urgent living expenses as well as fees. The amount received depends on the other party’s income.
Absolutely. Full and frank disclosure is sought before any settlement is reached. See Hidden Assets & Disclosure.
Tax may not be front of mind when a married couple or civil partners decide to part; however, it is something that is very important
When you are going through a split with a partner, money matters may not be forefront of your mind, especially when you have children to
Separating from a spouse or civil partner or leaving a significant relationship is a very difficult process, even if the decision to part is mutual
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