Why use a lawyer for a financial settlement?
When navigating the division of assets during a divorce or separation in the UK, many consider representing themselves (a litigant in person) to save costs. However, engaging a qualified lawyer for financial remedy matters often proves to be an invaluable investment, offering benefits that extend far beyond cost savings.
The legal landscape surrounding financial settlements is complex and highly nuanced. Family lawyers possess expert knowledge of relevant case law, the Matrimonial Causes Act 1973, and the Family Procedure Rules. They can accurately advise on the likely range of outcomes, ensuring that a proposed settlement is fair, legally robust, and considers all relevant factors, such as the welfare of any children, housing needs, and future earning capacity.
A significant advantage of legal representation is the ability to ensure full financial disclosure. Lawyers use formal legal procedures to compel the other party to provide comprehensive and verifiable information about all their assets, income, and debts. Without this expertise, individuals acting alone may inadvertently agree to a settlement based on incomplete or misleading information, a mistake that is often difficult, and more costly, to rectify later.
The emotional stress of divorce can cloud judgment. A family lawyer acts as an objective, calm intermediary, handling all communication, negotiation, and correspondence with the other party’s lawyer or directly with the unrepresented spouse. This professional buffer helps manage conflict, allowing for more productive discussions aimed at settlement rather than escalation.
Crucially, family lawyers draft legally binding court orders. A "DIY" agreement reached between parties without formal legal input is often unenforceable in court. A well-drafted Consent Order, once approved by a judge, finalises the matter and provides certainty and peace of mind for the future.
For long-term financial security and peace of mind derived from a properly secured, fair, and legally binding settlement contact Lin Cumberlin at Sampson Coward on This email address is being protected from spambots. You need JavaScript enabled to view it. or 01722 410664.
By Lin Cumberlin