By Kreston Solicitors · 25 February 2026
January and February traditionally bring a rise in separation enquiries. For couples in Enfield and North West London, understanding financial consequences is essential before initiating proceedings.
No-Fault Divorce: What It Changed, and What It Didn’t
While fault is no longer required, financial matters remain entirely separate. Divorce dissolves the marriage; it does not automatically divide assets.
Financial Disclosure Requirements
Both parties must provide full and frank disclosure, including:
- Property valuations
- Pension statements
- Business accounts
- Savings and investments
Failure to disclose can invalidate settlements.
Asset Division Principles
Courts consider:
- Needs of each party
- Length of marriage
- Contributions
- Welfare of children
Equal division is not automatic.
Pensions and Business Interests
Pension sharing orders are often overlooked but can be significant. Business assets require careful valuation to avoid future disputes.
Tax Year Considerations
With April approaching, capital gains and pension planning may influence timing and strategy.
Child Arrangement Orders
Where disputes arise, courts prioritise the welfare principle. Mediation is usually required before issuing proceedings.
Protecting Yourself Early
Early legal advice prevents:
- Dissipation of assets
- Informal agreements without legal protection
- Procedural mistakes
How Kreston Solicitors Support Enfield Families
The firm provides:
- Divorce applications
- Financial remedy proceedings
- Consent order drafting
- Court representation
Strategic guidance ensures clarity during emotionally challenging periods.
Ergun Eren
Director / Licensed Conveyancer