Financial Settlements

Without a financial order and clean break clause in place, you have no protection against an ex-spouse making a claim against your assets in the future or requesting financial support.

The on-line service, which was introduced in April 2022, means it is now possible to handle your own divorce. Although it may seem possible to resolve the division of the matrimonial assets yourselves, this should be approached with caution.

Making sure that all financial matters have been resolved before applying for the final order is vital to ensure you have an enforceable settlement for the future.

What could my ex-spouse claim if there is no financial order and clean break?

This is because no matter how amicable the separation may be now, should your relationship deteriorate or should there be a change of circumstances in the future, your ex-spouse could still try to make a financial claim against you.

A financial order details how the finances will be divided between you when you divorce, to include property, lump sum payments, maintenance and any pensions.

How a Financial Order and clean break in divorce can benefit you.

Provided the terms of settlement are fair and an order has been properly drafted, a Family Court will approve it and thereafter, neither of you – except in rare circumstances – can return to make a financial claim in the future. This is known as a clean break agreement.

These are just some of the issues upon which we can help you with:

• Shared business interests
• Division of House Sale proceeds and other assets
• Pension sharing
• Spousal maintenance

A Financial Order can also benefit unmarried couples who are breaking up

Couples split up and when one party moves out there are suddenly two sets of bills to pay. Sometimes there is not enough money to go around, something has to give. This is why it is essential to get expert help right at the outset.

Often our clients are unmarried, but still need our expert advice on the division of the family assets, often the most difficult issue to resolve, particularly where children are involved.

How we can help with divorce and financial settlement.

Our highly experienced Family Law and Divorce team will offer a free initial half hour consultation to explain the divorce process clearly, outline all your options and help you make a plan for going forward.

* Legal aid is available if you fulfil the criteria. You can check your eligibility here.

Why you need financial settlement and a Clean Break Order in your divorce