southgate solicitors

Untying your relationship knot

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Untying your relationship knot

We're here to help you

Send your details to us and we will call you back to take further information about your matter.

If you are looking for help with property division our specialist solicitors can help you. In addition to office meetings, we offer remote meetings by telephone or video if preferred. To discuss your options call us 24/7 on 0208 004 0065 or email us at hello@southgate.co.uk 

Property division

The division of property during divorce proceedings involves a complex legal framework. There are many factors that play a crucial role in how assets are divided between divorcing parties and therefore, it is crucial that you seek legal advice even before negotiations to help you understand your legal rights and obligations. 

The division of property is influenced by numerous considerations, including the financial resources available to both spouses, their future needs and responsibilities, and the standard of living enjoyed during the marriage. Additionally, the duration of the marriage, the ages of the spouses, any physical or mental disabilities, contributions made to the family’s welfare, and the conduct of each spouse are all taken into account. Another significant aspect is the potential loss of benefits due to the divorce, which is evaluated carefully to ensure a fair settlement. 

The court approaches the division of assets with the principles of sharing and compensation firmly in mind, recognising marriage as a partnership where the contributions of both spouses should be acknowledged and compensated accordingly. The primary focus, however, remains on the welfare of any children involved, ensuring their needs are met above all else. 

What we can do

At southgate solicitors, we offer comprehensive assistance tailored to your needs throughout your property division journey. Our team of experienced professionals understand the intricacies of family law and are dedicated to providing you with the expertise and support you need during what can be a daunting and highly emotional time.  We have Resolution members and also hold Law Society Family Law Advanced Panel Accreditation which demonstrates our knowledge, skill and expertise in this area of law. 

If you wish to read more about this area of law we have some frequently asked questions at the end of this page – feel free to scroll down to read more.

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You can either call us 24/7 on 0208 004 0065, email us at hello@southgate.co.uk or fill out our contact form below.

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FAQs

The court takes into account a wide range of factors including each spouse’s income, earning capacity, and other financial resources, their financial needs, obligations, and responsibilities for the future, and the standard of living enjoyed by the family before the breakdown of the marriage. The court also considers the ages of the spouses, the duration of the marriage, any physical or mental disabilities, the contributions made to the family’s welfare, the conduct of the spouses if relevant, and the value of any benefits one spouse would lose due to the divorce. 

The decision on the family home depends primarily on the needs of any minor children of the family. The court aims to provide suitable accommodation for the children and the resident parent, which might mean that the home is not sold but transferred to one spouse. However, if the home’s value exceeds the needs of the children and the resident parent, selling the property and dividing the proceeds may be more appropriate. 

Yes, the conduct of each spouse can be considered if it is deemed relevant and significant enough to impact the fairness of the division. However, this is relatively rare and typically only comes into play in extreme cases. 

The court will assess the business’s value along with all other family assets to arrive at a fair division. This process may involve detailed valuations to determine the business’s true worth as part of the marital assets. 

We're here to help you

Send your details to us and we will call you back to take further information about your matter, or you can click the number below.

We're here to help you

Send your details to us and we will call you back to take further information about your matter, or you can click the number below.