The Risks of Not Finalising Financial Matters on Divorce

The Risks of Not Finalising Financial Matters on Divorce

14th December 2023

Categories: Matrimonial, News

Divorce brings marriage to an end, however, many people are unaware that divorce itself does not sever the financial ties between couples. The only way to achieve this is to obtain a final financial court order.

It is vital to obtain a financial order setting out how marital assets will be shared upon divorce, otherwise, in most circumstances it will remain open to the parties to a marriage to pursue a financial claim against their ex-spouse or their estate on death, even once the divorce is finalised. If the parties delay and their financial circumstances change, this could significantly affect the outcome. If parties remarry, the orders they would normally be entitled to may be severely impacted.

Oglethorpe Sturton and Gillibrand is a Legal 500 recognised law firm based in Kirkby Lonsdale and Lancaster priding itself on providing high quality and pragmatic advice. We offer a fixed fee meeting for all new family law clients. To arrange a no obligation meeting, please contact 015242 71388.

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