Distribution of Assets

Anxious over Distribution of Assets after Divorce?

Competent Legal Counsel can help you get through the Process with the Least Stress

Divorce can often prove to be a trying and traumatic time and even with the best of intentions, it’s a process that is stressful and tense. Family Lawyers such as Davies & Co Lawyers factor in individual circumstances and help protect your best interests while guiding you through every step of the way. Divorce is the process by which a legal relationship between spouses or partners is dissolved according to law. However, the process of divorce is often complicated and overwhelming and it’s useful to have a trained lawyer looking out for you. Most ordinary folks may not be familiar with the intricacies of division of assets, child custody, rights and duties and so on. It’s important that we do not sign on documents or agree to terms without understanding the implications. A competent lawyer will explain every document and guide you on the most suitable legal options based on your individual circumstances.

Financial support plays a major role after divorce as there will be obligations to meet and bills to pay. Alimony (spousal support) may be awarded based on the relative incomes of the partners so that one partner does not feel the negative economic effects of the divorce. Spousal support may also be justified because one partner (often the women) has quit his or her career and needs time to develop skills to earn an income again. Spousal support depends on several factors including:

  • The physical, mental and emotional health of the former spouse, age
  • Length of time to develop a new skill to earn an income
  • The ability of the earning spouse to provide for his or her ex-partner as well as himself
  • The length of the marriage and the standard of living of the couple

Any partner who default from alimony payments can be legally forced to pay under court orders. However, alimony is usually based on a specific length of time until when the recipient can obtain education or skills required to earn an income. Moreover, alimonies are usually discontinued when the recipient remarries. A reliable lawyer can help you get your rightful share of the monies as well as adequate spousal support so that you are secured of financial support. In the event of the death of the payer, a lawyer may be able to help you get continued alimony from the insurance or estate of the deceased. Therefore, it’s a good idea to get your doubts and queries addressed by experienced legal professionals so that you can enjoy peace of mind and move on with your life.

As one of the spouses or partners, you are likely to be either paying or receiving alimony and, in both cases, you will benefit from the sound advice that a seasoned lawyer can offer.

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