Category: Financial and Property Settlements
How to Change a Financial Order After Divorce or Separation
What is a Financial Order? A financial order is a legally binding decision made by a court about how money, property, pensions, and other assets should be divided between partners when a marriage or civil partnership ends. These orders are designed to ensure a fair financial settlement following a divorce or separation, helping both parties…
How to Enforce Financial Settlements After Divorce in the UK
Introduction to Enforcement of Financial Settlements Introduction to Enforcement of Financial Settlements When a marriage or civil partnership ends, reaching a fair agreement about money and property is a crucial part of the process. These agreements, known as financial settlements during divorce, set out how assets, pensions, income, and debts will be divided. Once approved…
Financial Disclosure in Divorce: What You Must Know
What is Financial Disclosure? Financial disclosure is a crucial part of the divorce process in the UK. It refers to the legal requirement for both parties to share complete and accurate details about their financial situation. This includes all sources of income, savings, property, pensions, debts, and regular expenses. The aim is to ensure that…
Types of Financial Orders: UK Legal Overview
Introduction to Financial Orders Financial orders are legal decisions made by the court to settle financial matters between divorcing couples. Their main role is to ensure that money, property, pensions, and other assets are divided fairly, taking into account each person’s needs and circumstances. Without a financial order, there is no legally binding agreement about…
Time Limits for Financial Settlements After Divorce
Understanding Time Limits on Financial Settlements Understanding Time Limits on Financial Settlements When a marriage or civil partnership ends, sorting out your finances is a crucial step. A financial settlement is the legal process of dividing money, property, pensions, and other assets between you and your ex-spouse. These arrangements aim to ensure a fair outcome…
How Pension Sharing Orders Work in UK Divorce Settlements
What is a Pension Sharing Order? A Pension Sharing Order is a legal arrangement made by the court during divorce or the dissolution of a civil partnership in the UK. Its main purpose is to divide pension benefits fairly between both parties, recognising that pensions are often one of the most valuable assets a couple…
Property Adjustment Orders: Dividing Property in Divorce
What is a Property Adjustment Order? A property adjustment order is a legal decision made by the court during divorce or civil partnership dissolution proceedings. Its main purpose is to change the ownership or rights relating to property – such as the family home or other assets – so that both parties receive a fair…
Spousal Maintenance Explained: Who Pays, How Much, and When
What is Spousal Maintenance? Spousal maintenance is a type of financial support that one ex-spouse may be required to pay to the other after a divorce or dissolution of a civil partnership. Its main purpose is to help the lower-earning or financially weaker partner maintain a reasonable standard of living, especially if there is a…
Clean Break Orders: Ending Financial Ties After Divorce
What is a Clean Break Order? A clean break order is a specific type of financial order made by the court during divorce proceedings in England and Wales. Its main purpose is to end all financial ties between former spouses, ensuring that neither party can make further financial claims against the other once the order…
Lump-Sum Orders in Divorce: How They Work and What to Expect
What is a Lump-Sum Order? A lump-sum order is a financial arrangement made by the court during divorce proceedings, requiring one spouse to pay a fixed sum of money to the other. Unlike ongoing maintenance payments, which are made regularly over time, a lump-sum order is typically settled in a single payment or, in some…
