When going through a divorce, it can be tricky to work out how you’ll split your matrimonial assets fairly. You will find it beneficial to speak with a knowledgeable matrimonial asset valuer in Southend to help you understand what is classed as a matrimonial asset and how you can value these assets correctly.
The law in England and Wales requires you to take your financial assets into account when deciding how to split your assets. For example, your pension will be classed as a financial asset even if only one party paid into it during the marriage – you could both therefore be entitled to a share of it.
Speaking with a specialist to get the right guidance will be incredibly helpful if you are unsure how to split your assets. Our matrimonial asset valuers in Southend provide helpful knowledge and advice in this area.
The first step to splitting your assets is understanding what is classed as a matrimonial asset. The most common are the following:
When a marriage comes to an end you will need to look into valuing your pensions as part of the asset process. There can be confusion around this, but if you paid into a pension whilst being married then it is classed as a matrimonial asset.
A pension sharing order or pension earmarking can be decided which will give most or all of the pension to the ex-partner. However, more commonly, pension offsetting will be decided. This means that one party will trade a share of other assets in exchange for a share of the pension.
To help with this process, you need help from the accountants, actuaries and independent financial advisors (IFA) who will evaluate the assts to make sure it is fair. At BTMK, we work with matrimonial asset valuers in Southend who will investigate the details of your pension to help come to a conclusion. Having the right experts on board will help you get a fair settlement. BTMK can help you throughout, by providing you with legal advice on the
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