When a relationship breaks down, one of the most stressful parts of the process is working out the finances. Whether you’re married, in a civil partnership, or separating after a long-term relationship, the financial side can feel overwhelming. If you’re looking for clarity, family law solicitors in Essex can play a crucial role in helping you understand your rights and reach a fair, workable settlement. But what actually goes into a financial settlement in UK family law?
What does a financial settlement include?
A financial settlement isn’t just about who gets what. It’s a full agreement covering all the financial aspects of your separation. This can include:
- Property and mortgages
- Savings and investments
- Pensions (often the biggest asset after the family home)
- Business interests
- Debts and liabilities
- Child maintenance and ongoing financial support
Every couple’s situation is different, which is why solicitors often encourage clients to be completely open about their financial affairs. Full disclosure helps ensure there are no surprises later.
How do courts decide what is fair?
Contrary to what some people expect, UK courts don’t simply split everything 50/50. Instead, they focus on fairness and, most importantly, the needs of any children involved. Family law solicitors in Essex frequently remind clients that the court looks at several factors including:
Income, earning capacity and future financial needs
- Standard of living during the relationship
- Duration of the marriage or partnership
- Contributions made, financially and non-financially (like childcare)
- Any disabilities or special needs
- Housing needs
The court’s main aim is to make sure both parties can move forward with financial stability.
Negotiation before court
The good news is that most financial settlements never reach court. Solicitors will usually encourage negotiation through:
- Mediation
- Collaborative law sessions
- Solicitor-to-solicitor communication
These approaches are less stressful and more cost-effective, and they help you stay in control of the outcome. Essex family solicitors often guide clients through this step-by-step, making the process feel much less intimidating.
Consent orders: The final step
Once you’ve reached an agreement, your solicitor will draft a Consent Order. This makes the arrangement legally binding and protects both parties from future financial claims. Without a Consent Order, either person could technically make a claim years down the line, which is why getting one is essential — even when things feel amicable.
Why legal advice matters?
Financial settlements are rarely straightforward. Emotions run high, assets can be complex, and future needs vary widely. Working with an experienced family law solicitor in Essex ensures you understand your legal position, avoid costly mistakes, and reach an agreement that genuinely works for you and your family.
A fair financial settlement isn’t just about the numbers — it’s about stability, dignity, and being able to rebuild your future with confidence. Whether you’re just starting the separation process or ready to finalise an agreement, the right legal support makes all the difference.
Book an appointment with Pellys Solicitors Limited and hire experienced family law solicitors in Essex to resolve all your disputes.
