Sorting out finances by agreement


Unless there is violence you will have to attend a Mediation and Information Assessment Meeting (MIAM) before filing a financial claim.  Mediation is not for anybody and many couples succeed in settling matters literally across the kitchen table, with a pot of coffee or a bottle of wine.

 

Because it is a family matter the Judge has to “rubber stamp” the settlement even though you are both adults, but if the settlement is halfway reasonable to either side that should be a formality and the whole thing can be achieved within three months for under £1,000.

 

It is better to settle because it is less stressful, quicker and there is less acrimony and cost.

 

You can settle at any time but it takes two to tango.  Many a time litigation has taken place where perhaps the husband makes an offer then in pounds the wife asks for two million.  They gradually move their positions until at around the 1.5 million mark they are £20,000 apart having spent many thousands.

 

The two lawyers talk (often two barristers strolling outside the Court) and say to each other “Let’s split the difference” ie £10,000 each.

 

They recommend that to their clients who promptly say no of course.  They have gone far enough and will not settle.  This is because the couple actually want their day in Court.

 

Spotting this and appreciating it and reacting to it, is part of a skilful law and tactics will be dictated with that aspect in mind. There is no substitute for experience when selecting a lawyer.