The importance of finalising financial arrangements on divorce
It is becoming increasingly common for separating couples to deal with their own divorce proceedings. Whilst self-representation in divorce proceedings does save some cost (the Court fee will still apply) the danger is that financial matters will then be left unresolved.
Many people wrongly assume that decree absolute in divorce proceedings automatically brings to an end financial claims that the parties have against each other arising from their marriage. However, that is absolutely not the case.
The only means by which financial claims can be brought to a permanent end is through the endorsement of a Financial Order by the Court; whether that be by the parties submitting an order made by consent or whether made by a Judge following contested proceedings.
A recent case has reaffirmed that divorce does not in itself bring to an end financial claims that the parties have against each other irrespective of the amount of time that has elapsed since the divorce was finalised.
Our specialist team of Solicitors at Beeston Shenton can advise on what steps to take to bring financial claims to a permanent end.