Family law / Financial Arrangements
Family law / Financial Arrangements
Financial Arrangements Built for Your New Beginning
Sorting out finances after a separation is a complex life moment that requires expertise and personal care. Our goal is a fair outcome that allows you to move forward with confidence and financial security.
Financial Arrangements After
Separation or Divorce
Introduction
Sorting finances after separation can be complex. Our Family Law team offers clear, practical advice on property division, maintenance, pensions, savings, and business interests.
We focus on protecting your future and reducing stress, with fixed-fee options and guidance through every stage from negotiation to court representation.
LYONS BOWE ENQUIRY STRUCTURE
Your Financial Arrangement Options
Freezing Assets
If you think your partner is hiding financial assets or transferring them to a third party, we can help you to arrange a Freezing Order to freeze the movement of those assets and build a case for the courts.
Our family lawyers can help you to work out your financial position during a divorce, jargon-and-judgement-free.
Spousal Maintenance payments are made from one spouse to the other following a divorce. Spousal Maintenance payments are separate from child maintenance payments and are not an automatic right of any spouse.
Post Nuptial Agreement
A post nuptial agreement is a legal document that you sign after you’re married, to help you and your spouse figure out what happens to your belongings and money if you decide to split up. It’s a bit like a prenup, but instead of signing it before the wedding, you sign it afterwards.After the Conditional Order is granted, you can apply for the Final Order. Once issued, your marriage or civil partnership is legally dissolved. This marks the formal end of the divorce process.
LYONS BOWE ENQUIRY STRUCTURE
Your Financial Arrangement Options
Freezing Assets
If you think your partner is hiding financial assets or transferring them to a third party, we can help you to arrange a Freezing Order to freeze the movement of those assets and build a case for the courts.
Our family lawyers can help you to work out your financial position during a divorce, jargon-and-judgement-free.
Spousal Maintenance payments are made from one spouse to the other following a divorce. Spousal Maintenance payments are separate from child maintenance payments and are not an automatic right of any spouse.
Post Nuptial Agreement
A post nuptial agreement is a legal document that you sign after you’re married, to help you and your spouse figure out what happens to your belongings and money if you decide to split up. It’s a bit like a prenup, but instead of signing it before the wedding, you sign it afterwards.After the Conditional Order is granted, you can apply for the Final Order. Once issued, your marriage or civil partnership is legally dissolved. This marks the formal end of the divorce process.
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What are Financial Arrangements?
A 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
Can spousal maintenance be changed after divorce?
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.
How long does it take to finalise a financial settlement?
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.
When does child maintenance costs stop?
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.
How is child support costs calculated?
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.
When does a freezing order get granted?
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
What can be ordered in a financial settlement?
A financial settlement can include: Pensions, Assets & debts, Cars, Property, Money including savings, investments, stocks, shares, bonds, life insurance policies, Businesses, and Personal items
What does a postnup include?
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
Who has the final say on a spousal arrangements?
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.
