Category: Types of Financial Orders
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…
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…
