Formerly referred to as “Ancillary Relief”, financial remedy proceedings is the process of fairly distributing assets between both parties in a divorce or dissolution.
Supporting separating and divorcing couples
For separating couples, sorting out finances and financial settlements can be one of the biggest challenges, causing financial instability and worry for all concerned.
You may be anxious about your home, your savings, your pension and how you will manage financially following your separation. All these concerns, and the uncertainty that goes with them, can cause significant stress and this is why legal support from a financial settlement solicitor is recommended throughout financial remedy proceedings.
Maintenance pending suit
Also known as interim maintenance, maintenance pending suit is an order of payments from one spouse to another to support them financially throughout the divorce proceedings until the divorce is finalised. It is also possible to apply for an order to cover the cost of legal fees in certain circumstances.
An application for this type of support must be made through the Court and it involves submitting financial information which will be assessed. It’s important to get legal support at this stage to get advice on possible outcomes.
Our financial settlement solicitors
We understand that you need clear advice about your options for restructuring your family finances so that you can make informed choices. Our top-ranked specialist team, across our Newcastle and South Shields offices, includes several Resolution accredited specialists in complex financial and property matters. (Resolution is an organisation made up of family lawyers who are committed to the non-confrontational resolution of family disputes.)
In some cases, it may be necessary to go to court. This could be the most efficient and cost-effective way to progress your case. Our award-winning team of expert family lawyers will advise and represent you so that you can get the best possible outcome for you and your family.