Whenever a marriage, civil partnership or long-term relationship ends, it is essential that legal advice is sought from a specialist Family Law team as soon as possible. Even if neither party wishes to put in place any formal arrangements immediately, knowing what is and is not possible sooner rather than later, enables each of them to plan accordingly
Here at Longmores we have a huge amount of experience in dealing with all aspects of financial resolution following the breakdown of a relationship. We work very closely with other departments within the firm to draw on their expertise on a variety of matters, including company law and tax and trust issues.
The process of financial resolution requires each party to provide his/her legal advisers with full disclosure of income, capital and pension provisions. Once this information is available, we are able to advise on the division of assets. Where a client’s financial situation is more complicated, it may be necessary to seek the advice of other professional experts such as accountants, valuers and independent financial advisers to assist in the overall process. If a client does not have existing links with relevant experts, we are able to recommend tried and tested firms and individuals.