A financial order is a legal binding agreement that outlines how a couple’s assets and finances will be divided amongst them after finalising their divorce.
If you and your spouse have reached an agreement, we can draft a settlement agreement in the form a ‘Consent Order’ which we will send to the Court for approval.
As long as the District Judge is satisfied that the financial agreement reached is fair to both spouses, the order will be made without either of you having to attend Court.
If you and your spouse cannot reach an agreement, then it is open to either party to make an application to the Court. The Court will fix a timetable to manage and progress your case. The Court has wide discretion in financial remedy proceedings and can make a range of financial orders, including property adjustment orders, lump sum orders, and pension sharing orders.
We will advise and support you at every stage of the Court proceedings.
Specialist Financial Order Solicitors
We know how distressing the breakdown of a relationship can be and can navigate you through this process of getting a financial order. We will negotiate with your spouse and/or their legal representative to reach a fair settlement for you as quickly and amicably as possible.
Our experience in this field means we are well placed to guide you through the process of sorting out your property, assets and debts, which solicitors refer to as ‘financial remedy’.
If you have any queries or require any assistance in dealing with your financial and property affairs on a marital breakdown, please contact us for further information or to book an initial appointment.
Why Choose Us?
We aim to take the stress and worry out of the legal process.
As specialist family solicitors, we offer pragmatic and cost-conscious advice to all our clients. We are fully regulated by Solicitors Regulation Authority and Members of Resolution, the UK Family Law Association.
Financial Remedy Order FAQS
A financial remedy order is ordered by the court to set out financial arrangements between divorcing couples.
This may include the division of property, spousal support, and child care payments. A financial remedy order can be acquired as part of the divorce settlement, and can help ensure that all of the financial elements can be both settled quickly and fairly, when mediation cannot finalise an agreement.
No, going to court is not the only option. Many couples can reach an agreement through negotiation, mediation, or collaborative law.
Court should be considered a last resort if agreement cannot be reached through alternative methods.
The court considers various factors, including the parties’ financial needs, contributions, standard of living, age, health, and any financial responsibilities they may have, to arrive at a fair division.
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