Filing for divorce can be a complex matter, and one which has many pitfalls which could end up costing you a lot of money and stress. Using divorce solicitors in North Wales will help you save money and avoid financial mistakes.
One of the most important documents you need to complete during divorce proceedings is the financial consent order. Once the court has agreed to its contents, this becomes a legally binding agreement which lays out how your finances will be divided with your soon to be ex-spouse. If this is not completed, either partner can later make a claim against the other for a financial settlement which may not be as favourable for you. It is also worth remembering that if the financial arrangements are not deemed fair and reasonable, they can be thrown out by a court of law.
It is common for pensions to be missed out of financial discussion when you are undergoing a divorce. This is often a costly oversight, since pensions are often worth a great deal of money and must be part of any financial disclosures. Solicitors in Bangor will be able to advise you on how to tackle your financial information and to make accurate calculations about your assets. Ensuring your Will is up to date is a quick and easy way to avoid any problems once you are divorced.
To learn more about the proper processes during a divorce, contact us here at Bennett Smith Solicitors today and book and appointment to discuss further.
