FINANCIAL DIVISION OF FAMILY ASSETS FEES
It is always difficult to estimate what costs are liable to be incurred in negotiating and finalising the division of financial assets between you and your spouse. Much will depend on the manner in which the matter proceeds and if an agreement is reached quickly then costs can be kept to a minimum.
Our typical ranges of fees for each stage of the process are laid out below.
|
Description |
Fee Basis |
Fee Range |
|
|
Voluntary Disclosure and Negotiation |
Where an agreement can be converted into a Consent Order. |
Time spent basis |
£4,000 to £6,000 +VAT(plus Consent Order court fee of £53) |
|
Contested Proceedings First Stage |
Preparing the Financial Disclosure Statement and attending First Appointment hearing |
Time spent basis |
In addition to the above, £4,000 to £8,000 +VAT (plus court fee of £275, and Mediation Information & Assessment Meeting attendance fee of £100+VAT) |
|
Contested Proceedings Second Stage |
Responding to questionnaires and attending Financial Dispute Resolution Hearing |
Time spent basis |
In addition to the above£15,000 to £20,000 +VAT. |
|
Contested Proceedings Third Stage |
Preparing all steps up to and including Final Hearing |
Time spent basis |
In addition to the above £20,000 to £35,000 +VAT (plus Barristers fees in region of £5,000 to £8,000 +VAT per day) |
In our experience most cases settle before the final stage and the level of fees depends upon factors such as the level of co-operation from the other party and the type and value of the assets involved.
There can be further disbursements such as valuation fees or Tax/Pension advice.
