The cost of marriage breakdown

The ramifications of a marriage breakdown can be costly both financially and emotionally.

A calculator and yellow pencilIt is widely considered that instructing a solicitor is rarely a cheap option however it can be cost effective and offers the peace of mind that you have specialists on your side looking out for your best interests at a time when it may take all of your energy to simply get through each day. The decision as to whether to have legal representation can be a difficult one to make, especially if there is already a question about whether there are sufficient funds within the marriage to effectively fund two homes.

Legal advice should not be ruled out simply because of concerns over costs as it is possible that you may agree to a financial settlement which is not fair or favourable as it should be.The value of the settlement that you could miss out on may exceed the amount you would have spent on legal advice. Similarly, if you are a wife whose husband has always handled the finances, which is not at all uncommon, then it may well be that you do not really know what is available for distribution. An investment in legal advice is something which should therefore be considered carefully and viewed as that.

The debt which accrues in relation to legal fees will be deducted from the “matrimonial pot” prior to its division as it is a justifiable and reasonable liability to have incurred. Specialist litigation loans are available in some cases and these have to be repaid from the settlement. In certain circumstances it may also be possible to obtain an order which requires your husband/wife to pay you a sum to meet your legal fees.

In addition to the financial cost of a marriage breakdown, the emotional toll should not be underestimated. It is not uncommon to feel overwhelmed by the decisions you will have to make which are likely to have far reaching financial consequences on the rest of your life. By receiving expert legal advice, you can ensure that you fully understand the options available to you and take comfort in having someone looking out for your best interests at all times.

Lester Aldridge LLP

About Lester Aldridge LLP

Lester Aldridge LLP is a nationally recognised law firm with offices in London, Bournemouth and Southampton. The family team are leaders in their field. Jane and Jo are specialist family solicitors with a wealth of experience in all areas of family law from divorce to children, pre-nuptial agreements to the settlement of financial disputes and everything in between. These women are feisty when they need to be. But their approach is designed to reduce conflict in order to ensure the best possible outcome. They recognise that family issues can be extremely emotional and they offer accessibility to specialist advice delivered in a friendly, approachable and understandable way designed to guide you from start to finish. If you would like an informal, no-obligation chat with Jane or Jo please telephone 0844 856 6865.