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Divorce Financial Settlement Lawyers


Ensuring that your long-term financial position is secure is one of the most important elements of moving on at the end of a relationship. Dividing your assets can be a complicated and emotional process, so it is important to have the best support available. We understand how difficult it can be, and we will work together with you to understand exactly what assets are involved and to ensure that your settlement is fair.

Our expertise in financial matters has been recognised in the most recent editions of Chambers UK and The Legal 500. We will provide you with the best advice available. We combine legal knowledge and skill with a genuine passion for client service, staying focused on your needs and well-being. Throughout the financial settlement process, we use our compassion and understanding, as well as our tenacity and determination, to guide and support you.

What is a financial settlement?

A financial settlement is an agreement between you and your former partner which sets out how your assets and debts will be organised following your separation or divorce. Where possible, we will help you come to an amicable agreement as quickly as possible once the decision to separate is made.

Do I need a financial settlement agreement?

A financial agreement is not a requirement of divorce proceedings, but it is sensible to have one. Without a legally binding agreement in relation to your assets, you remain open to a claim from your former partner in the future.

Successful claims have been made years, and even decades, after the end of relationships, and have involved difficult and complex issues surrounding post-relationship finances. It is better to settle your financial situation at the time of separation, allowing you and your former partner to  move on with all loose ends tied up.

How are financial settlements agreed?

A financial settlement can be agreed amicably and directly between you and your former partner. However, to make sure you have a binding agreement, and one that is legally enforceable, you should get your financial settlement approved by a court.

If you cannot come to a satisfactory agreement with your former partner, formal negotiation, mediation, arbitration, or collaboration are all possible options. We have a great deal of experience supporting people through these processes. Our team is renowned for having expertise in collaborative legal services, and our divorce solicitors will help you choose the most appropriate strategy for your circumstances.

Do I need to go to court to finalise my financial settlement?

Once you have finalised your financial settlement agreement, a consent order should be drafted and approved by a court. This makes your agreement legally binding and enforceable later, if required. You might also need to go to court to finalise other issues, such as child arrangements, even if you have agreed your financial settlement out of court.

If it is impossible to come to an agreement on your financial arrangements outside court, an application can be made asking the court to determine a financial award. We will support you through every step of any legal proceedings, using our knowledge and experience to seek the most satisfactory outcome.

What is considered when deciding the terms of a financial settlement?

Every relationship is different, and your financial situation and arrangements with your former partner are unique. The value you place on the assets collected during your relationship will also be determined by more than simply their monetary value. This makes deciding the terms of a financial settlement potentially challenging.

We will work together with you to determine the fairest and most appropriate way to deal with your assets and debts at the end of your relationship. Section 25 of the Matrimonial Causes Act 1973 sets out the relevant factors affecting the distribution of assets on divorce. The circumstances of each case need to be carefully considered. Our experts will support you through this process, providing sensitive, clear advice.

Factors which will be relevant to any financial settlement include:

  • Both parties’ current income and future earning capacity, property and other financial resources
  • The current and future financial needs, obligations and responsibilities, of both parties
  • The length of the relationship and standard of living
  • Both parties’ age and health
  • The welfare of any dependent children from the relationship
  • Any contribution which either party has made, or will continue to make, to the welfare of the family

What assets will be part of the financial settlement?

One of the biggest challenges involved in separating from your former partner is valuing and dividing your respective and shared assets. We will work with you to ensure you have the chance to appropriately value every asset. We know the value you place on items acquired before or during a relationship will not be solely based on how much they cost.

Usually, the most significant step is to decide which of your assets are matrimonial assets – that is, assets acquired during the relationship. They are usually treated differently to non-matrimonial assets, and most people would expect them to be included in the financial settlement.

What are matrimonial assets?

Matrimonial, or marital, assets are the financial assets acquired during the period of marriage, and typically include:

  • Family home
  • Other property, such as holiday homes or rentals
  • Pensions
  • Savings
  • Bank and building society accounts
  • Stocks, bonds and mutual funds
  • Businesses
  • Vehicles
  • Furniture  and household contents

Non-matrimonial assets are usually financial assets acquired before the relationship or after it ends, and they are usually treated differently. These assets will often be excluded from a financial settlement, although that is not always the case. A court will assess each case individually and will come to a decision based on each set of circumstances and, in particular, the needs of each party and any dependent children. The shared use of non-matrimonial assets may well be taken into account where relevant.

Can I stop my partner hiding or disposing of assets?

During the process of agreeing a financial settlement, all assets, even those which are considered the sole property of one partner, should be declared. Speak to us immediately if you suspect that your partner is attempting to hide assets.

Both you and your partner may require access to joint funds for your reasonable living expenses, but we may also advise you to seek to close joint accounts or cancel joint credit cards if your partner makes large withdrawals or runs up large debts during the settlement process.

How are debts dealt with in a financial settlement?

As well as organising your assets, you will also need to calculate and agree on the division of any joint debts which you have accrued during the relationship. This is particularly important because, with a debt in joint names, creditors can pursue either party individually.

When is the best time to organise my financial settlement?

There are no set rules determining the way you organise your financial settlement, including the time it should be agreed. Nevertheless, it is advisable to come to an agreement with your former partner sooner rather than later. If no legally binding financial settlement is agreed, it is open to either party to make a claim at any point in the future. There are examples of claims being made many years following a separation.

As such, we usually advise all financial issues are settled before an application for a decree absolute, which legally ends a marriage, is made.

What on-going arrangements can be included in a financial settlement?

Financial settlements usually attempt to create a clean break between the parties, but there are circumstances where on-going arrangements are appropriate, such as where one partner was the sole or major income earner in the marriage. In this situation, on-going payments can be agreed, based on arrangements and commitments made during the relationship and the reasonable expectations of each party regarding standards of living.

We have a great deal of experience in negotiating and finalising these types of arrangements and will also be able to advise you on enforcement options and procedures if your partner fails to maintain stipulated on-going payments.

Contact The Financial Settlement Agreement Solicitors At Lanyon Bowdler

Lanyon Bowdler is a member of the Law Society Family Panel and accredited specialist with Resolution, a national organisation of family lawyers, so you can be sure our solicitors are experienced in all aspects of UK law.

Our divorce lawyers are approachable and professional, and will always adopt a balanced and practical approach to negotiations, minimising conflict and working to an acceptable outcome for you. Our aim is to achieve amicable resolutions swiftly, but if litigation is necessary we have the experience and know-how to deal with the courts effectively.

Please give us a call for a friendly, confidential, chat about how we can help support you when you or your family need legal advice and representation. Please contact a member of the team or complete our online enquiry form on the righthand side of this page. 

By choosing Lanyon Bowdler for family law legal advice, you can rest assured that you have the best legal expertise on hand no matter what the situation. We are committed to providing exceptional levels of client care and will work closely and considerately with you to help find the best outcomes. Our Family Law Solicitors team has great experience in all areas of family law and family mediation. 

We have offices in Shrewsbury, Bromyard, Conwy, Hereford, Ludlow, Oswestry and Telford, so are able to act for clients all over Shropshire, Herefordshire, Mid and North Wales and across the Midlands (including Wolverhampton & Birmingham). As a leading UK full-service law firm, we can represent you wherever you live in the UK.




I was impressed with the efficiency and welcome of staff. Excellent office layout and service.  

- Mrs S James & Mr W Parkinson, Telford

A warm welcome from the receptionist. Extremely impressed by all that have helped us, peace of mind for our future.

- Mr M Court & Mrs A May, Shrewsbury

Always very efficient in dealing with the workload and advice given in divorce. Would highly recommend the service I received. 

- Mrs Suzanne Purvin

Knowledge and information given was accurate and realistic.

- Mrs Eleanor Margaret Howells, Hereford

Very efficient, pleasant and fully explained. I am well satisfied.

- Mr Stephen Turner, Oswestry

Friendly atmosphere and very professional attitude. 

- Mr Sidney Jolliffe, Oswestry

Advice was sensible and informative. It allowed me to make the decisions with understanding potential concequences. 

- Mr Paul Simon Burgoyne, Hereford

They listened to my worries and my concerns, which put me at ease and made me feel that I completely had someone in my corner fighting for myself and children's best interests. 

- Miss Deborah Lisa Bradley, Shrewsbury & Oswestry

Case Studies

Nothing Left to Partner

Claire acted for a claimant whose partner died, leaving his entire estate to ...

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