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Posts on financial settlement Law

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A financial settlement in divorce is an agreement between both parties on how to split all relevant assets, including things like property, savings, investments and pensions. If there are children involved, it could also set out the details of child maintenance payments going forward.
Coming to the decision that your marriage has come to an end is not an easy time. There is heightened emotion and you will also be faced with the difficulties surrounding practicalities of the divorce procedure itself and the financial implications of the separation.
Coming to the decision that your marriage has come to an end is not an easy time and there will inevitably be stressful periods, navigating an unfamiliar process, with various factors to consider.
With the introduction of no-fault divorce, many couples are still unaware that when you have gone through the final steps of divorce, finances can still be claimed by your ex-partner until a Financial Order is made by the Court. A Consent Order is recommended for this reason, even if neither party is seeking an adjustment of assets.