Tag "consentorders" posts
When you get married, you become financially tied to your partner. If you divorce your partner, it might surprise you to learn that this doesn’t automatically end your financial relationship with them. A ‘clean break’ usually refers to a type of order th [...]
It is being reported that Rupert Murdoch and Jerry Hall are to divorce. Neither are strangers to the process. We believe that divorce doesn’t have to be conducted from heavily lawyered silos, even for the super-rich, who just like the rest of us will not [...]
We often get asked by our customers, whether or not you need to disclose your finances to your spouse if you’re divorcing. This will depend on your individual situation and the nature of your divorce. We have outlined below when financial disclosure migh [...]
A frequent question that comes up with our customers, is whether a sum of money given by a parent to the couple, or one of them in particular, is a gift or loan. Clarity on this matter has been somewhat reached through the judgment passed by HHJ Edward He [...]
A pension sharing order will require one former spouse’s pension provider to give some, or all, of the funds in that pension plan to their ex (the ‘recipient’). A pension sharing order can be made in respect of a pension either before or after it is in p [...]
Ending your marriage or civil partnership is one legal process and ending your financial ties is completely different legal process. The legal process of severing your financial ties is called a consent order or financial order. This blog will explain how [...]
There can be a lot of new and confusing terminology to get to grips with when you separate divorce or dissolve your civil partnership. In this blog we have set out some of the commonly confused terms in everyday language and when they may be applicable to [...]
Many people ask us ‘what’s the difference between separation and divorce?’. Confusingly a legal separation (judicial separation) is different to a separation agreement, and both are different to a divorce. […] [...]
Divorce has a reputation for being expensive, but fees don’t have to rise through the roof. Luckily, there are plenty of ways to keep the costs down so that breaking up doesn’t have to break […] [...]
A consent order is a legally binding document that sets out the financial arrangements you and your ex have come to. It details how you’re going to split any assets, debts, pension, and income you […] [...]
A divorce financial order is a document that makes your agreements about how to split your finances legally binding. It usually has a clause in it that ends any future claims you may have against […] [...]
You, like many, might be wondering ‘what happens to debt in divorce?’. Debt refers to a sum of money that is owed or due to another individual or institution. There are many different types of debt and it might surprise you to know that debt is included w [...]
If you have decided to divorce, or dissolve your civil partnership, you and your ex need to decide how to separate, and possibly share, your financial assets. The first step is to provide each other with full details of your income, property, pensions an [...]
A Mesher Order forms part of your consent (financial) order and allows you to postpone the sale of the family home until your children have completed their secondary education (sometimes extended to cover their university education). Crucially... [...]
Reaching a fair financial settlement often takes centre stage during a divorce or separation and is key in achieving an amicable divorce. For many, a divorce marks not only a change in financial circumstances, but the start of establishing a new relations [...]
If you're negotiating your financial settlement as part of your divorce or separation as well as dealing with Coronavirus (COVID-19), then the anxiety levels can start to feel overwhelming. But don't worry, we are here to help, and have put together some [...]
A consent order (sometimes called a financial order) will legalise the financial arrangements you have made with your ex when you divorce / end your civil partnership. It’s also the document that will end financial claims against each other in the future. [...]
A big consideration when you divorce or separate is how to sort out any property you own. Every separation is different, but the tips below are a good place to start and will hopefully save you time, money and hassle. [...]
Considering the principles for financial separation of your divorce, before you get bogged down in the detail can save you time, energy and money […] [...]
Splitting your assets (and your debts) when you decide to divorce can feel overwhelming. However, a few simple steps can help make things clearer and reduce the stress and strain on your emotions. If you’re […] [...]