If your marriage has ended and you are going through a divorce you will need to decide how to split your matrimonial assets in a fair way. A way to start the process is to determine the value of all the individual assets.
When it comes to the financial assets you createdduring your marriage, the law in England and Wales requires you to take these into account when determining a fair split ofyour assets after the end of a marriage. This means that even if only one party paid into a pension whilst you were married, you may both be entitled to a share of it.
A specialist is needed to make sure you value your assets correctly so you can get as fair a deal as possible. BTMK has access to knowledgeable matrimonial asset valuers in Leigh-on-Sea so you can be sure to get the right guidance.
What counts as matrimonial assets? The most common include:
When a marriage ends, there can be confusion around the splitting of pensions between parties. However, if you paid into a pension whilst being married, it is likely tobe classed as a matrimonial asset.
A court can make decisions regarding a pension sharing order or pension earmarking, this means most or all of the pension is paid to the ex-spouse.
However, pension offsetting is more common, and this consists of trading one party’s share of the pension for a share of other assets.
When it comes to a divorce, pensions can be an incredibly complex issue so it’s key to have the right accountants, actuaries and independent financial advisors (IFA) to evaluate the assets. Our solicitors at BTMK work with the best matrimonial asset valuers in Leigh-on-Sea to look into the complexities of your pension when it comes to going through a divorce.
We also work with specialist property agents, and other specialist valuers such as dealing with jewellery, stocks, shares (particularly those which are listed on smaller markets such as AIM), development property and other common assets to ensure that the correct values are reflected in any negotiations.
Choosing experts in the field of matrimonial finance cases is paramount if you want the best chance of getting a fair settlement. We can guide you through the process to ensure that you receive the correct legal advice and to protect your future. You’ve worked hard for your money and what you’ve helped to build up, we’ll help you protect it for the future you want.
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