Divorce and Finances

Settling finances as part of a divorce can be complex. A Financial Remedy Order covers the financial aspects of your divorce including the house, the car, the savings, the pensions, the bank accounts, the contents of the house, the debts, the income, the outgoings, etc... this list depends on your circumstances and the assets that you have built up during your relationship.

If you have a financial relationship with your former partner, you will need to sort it out as the divorce procedure doesn't do this automatically.

The cost of gaining a Financial Remedy Order depends entirely on how complicated your finances are, and how difficult it will be to divide them between you both and enable you to go your separate ways.

When it can be easily accessible to obtain information about your former partner, such as banking details and e-mails, do not be tempted to try and uncover this information and use it to help support your case in Court. If you unlawfully seek out information to use it against your former partner when it comes to the financial settlement, you risk sanctions imposed by the Court.

One in five partners in every divorce has admitted doing this, but not everyone knows the seriousness of their actions. 

Head of the Lawson-West Family department, Alistair Dobson, comments: “This story is a cause for concern, namely because people are not fully aware of the consequences. Divorce can be complicated – but it doesn’t have to be. My team are experts in this area of law and are available to meet with you at our Leicester, Wigston and Market Harborough offices to discuss any concerns you might have.”

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