Dealing With Assets & Finances With an Online Divorce
Legally separating your finances following a divorce is an important step as it ensures that your financial relationship is severed and no future claims can be made by either party in the future.
Those looking for a clean break divorce from their partner must ensure that a financial court order is obtained from the court as obtaining a decree absolute does not end your finacial relationship as husband and wife.
Can your finances be dealt with when using an online divorce service?
The answer is of course, yes. We have helped over 40,000 people secure their finances via a financial order, however, we believe is providing a more efficient, stress-free and cheaper service compared to high-street solicitors.
Why is dealing with your finances important?
The number one reason why dealing with your finances properly when separating is that being granted a decree absolute in divorce proceedings does not legally end your financial ties.
Failing to obtain a financial order after your divorce opens the door further down the line for claims being made for more money or a better settlement agreement.
Going through a divorce it’s stressful and option painful, therefore, you don’t want to have the thought of being claimed against hanging over you for years to come… It’s essential for your peace of mind moving forward that you deal with your finances and obtain a consent order.
It is always in our experience much better to try and agree on the division of your assets and finances at the same stage as divorce proceedings, because in most cases you can be granted the financial order at the same time as your decree absolute.
This then gives you a clean break without waiting months or years to secure your finances.
Can you deal with your finances in an online divorce?
Yes, of course. Just because you have decided to use a more efficient and cheaper option than hiring high-street solicitors, doesn’t mean you can’t legally separate your finances.
In fact, we can deal with ending your financial relationship for a fraction of the cost of what your local solicitors will charge you for the same service (likely to be £1,000 + VAT).
You can provide us with the information we need to draft your financial agreement online, via your personal account. This can be done at your convenience and no time is wasted arranging childcare or taking time off work to visit our offices to complete the paperwork.
The agreement we’ll draft for you is formally drafted by qualified family law solicitors ans presented to you within 28-31 working days for both you and your ex-partner to approve and sign.
We have a range of services to choose from depending on your exact circumstances, financial split and budget, so use the tool below to find out which type of financial court order you need.
What can be included in a consent order?
Anything in relation to your financial situation can be included in a consent order.
The court has powers to make orders for the following;
- Maintenance payments (child & spousal)
- Division of personal belongings
- Property sale and transfer
- The payment of lump sums of money
- The division or split of pensions
- Debt provision
Anything the court cannot specifically order can be dealt with by way of what is called an undertaking, which is a promise to the court to do something.
If this undertaking is broken the court can enforce it using contempt of court rules.
Do I actually need to resolve my finances?
Don’t fall into the trap of assuming that just by being granted a decree absolute in divorce proceedings will give you a clean break… because it won’t.
If you have no assets to divide, such as a family home or pensions then it is still essential that you deal with ending your legal financial relationship.
To legally break financial ties when you have no assets, you will need to obtain what is known as a clean break order. This court order will legally end your financial ties as it documents that there is to be no on-going maintenance to be paid or transfer or sale of any properties or pensions for example.
If you are selling or transferring a property, making a pension sharing order or paying over money, then you are advised to obtain a consent order, to make sure the other party carries out what they have agreed.
Also, you will want to make sure that neither of you can go back to court at a later date and try and get a better financial settlement or more money.
We’ve seen it all too often when financial matters are put off and it, unfortunately, comes back to bite one party later down the line.
Obtaining a financial court order following your divorce will ensure that the contents of the agreement are carried out by the necessary parties.
So for example, to be sure maintenance payments are made or the house is sold and both parties receive the right share, you are advised to obtain a financial order as this will guarantee these outcomes.
View our Consent Order Service – £299
Put your financial agreement into a legally binding court order.
Everything is complete online and is drafted by qualified family law solicitors.
Legally separate property, lump sums, maintenance, debts, savings and more
No need to attend court or our offices at any point
You’ll save over £1,000 compared to hiring high-street solicitors
We’ll manage your entire application through the courts for you