Frequently Asked Questions
What should I consider for a financial settlement alongside my divorce?
During financial settlement negotiations, each party has a duty of full and frank financial disclosure. This means every asset that you own must be disclosed and valued in order to have informed negotiations.
How long does a financial settlement take?
Every divorce is different, and the complexities of each case can cause huge variations in the length of time the entire process will take. But usually, we would recommend allowing six to ten months from start to finish, for the more straightforward cases.
How much does a financial settlement cost?
Every case is different, and this will depend on the assets involved and your personal circumstances. We would be happy to discuss this with you at our initial meeting so you can make informed decisions about the progress of your case.
Who pays the legal fees for a financial settlement?
It Is usual for each party to pay for their own legal fees. If you need to Instruct a joint expert, such as an actuary who specialises In pensions on divorce, most people will divide the cost of this equally. In some cases, such as If one person refuses to cooperate, you may be able to seek a costs order obliging them to repay some or all of your legal fees.
Can I get legal aid for a divorce settlement?
Legal aid for family law disputes is now only available in a few limited circumstances. Harbour Family Law are not able to offer legal aid. If you think you may qualify for legal aid, you should make enquiries with a firm that offer this service to see if you are eligible.
What is a clean break financial settlement?
A clean break financial settlement is the term used to describe the division of property, savings and any other assets, with no ongoing payments being made between you and your partner. Once a clean break order has been finalised, neither party will be able to make any further financial claims.