Seeking a financial settlement during a divorce can seem like a daunting step. It is important to gather necessary documents in readiness for meeting with your solicitor. This will help ensure that you have a smooth and fully informed process upon your meeting.
Here’s a checklist to guide you:
- Proof of ID and address, these are essential documents required for the solicitor to open your file and begin working on your matter.
- Financial statements of all your bank accounts, investment accounts, and savings.
- Income information, this includes your most recent P60 and 3 months of wage slips.
- Property and other asset documentation, this includes valuations of any properties that you own in your sole name or jointly with someone else and the outstanding mortgages on these properties. Additionally, valuations of any other assets you may own is important such as a car, or jewellery.
- If you or your spouse own a business, gather relevant business documents, including tax returns, and business valuation reports.
- Compile a list of all outstanding debts, loans, and liabilities. This includes credit card statements, loan agreements, and documentation of any joint debts incurred during the marriage.
- If you have a prenuptial or postnuptial agreement, bring a copy to the meeting. These documents outline any predetermined financial arrangements and can impact the divorce settlement.
- Provide information on all insurance policies, including life insurance, health insurance, and any policies with a cash value.
- If you have a pension/pensions, contact your provider to request a cash equivalent transfer value (CETV). This is required as pensions are an asset that are considered heavily within financial settlements.
- If children are involved, gather information on their educational, healthcare, and extracurricular expenses. This will be vital in determining whether child maintenance is required.
- Prepare a detailed breakdown of your monthly expenses and budget. This information helps in assessing the financial needs of each party and can influence the outcome.
By proactively collecting these documents, you will assist your solicitor in being able to provide informed and tailored advice as well as make the process more streamline.
Should you require any assistance in reaching a financial settlement please do not hesitate to contact one our friendly and experience solicitors on 0161 624 6811 or email firstname.lastname@example.org.
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