When the division of finances becomes a challenge during a divorce or separation, a Financial Order can provide the legal framework needed to ensure fair and equitable arrangements.
A Financial Order is a legally binding decision made by a court that outlines how your finances will be divided after your relationship ends. This can include the division of property, savings, pensions and debts, as well as arrangements for spousal and child maintenance.
Our dedicated team of family law solicitors is here to provide expert guidance and support in securing fair financial arrangements during a potentially difficult time.
The Process of Creating a Financial Order
You can apply for a Financial Order either during or after divorce or dissolution proceedings.
The process involves several key stages:
Application Submission: You can apply for a Financial Order at the same time as your divorce or dissolution or at any time thereafter. The application initiates the court process to resolve financial disputes.
First Appointment: The first appointment is a short hearing with a judge, where the details of your application are discussed. The judge may give directions on how to prepare your case for the next stage.
Financial Dispute Resolution (FDR) Appointment: The FDR appointment is a crucial stage where the court helps both parties reach an agreement without needing a final hearing. This meeting is aimed at encouraging settlement discussions, and sometimes multiple appointments may be required.
Final Hearing: If an agreement cannot be reached during the FDR, the case proceeds to a final hearing, where the judge will make a decision on how to divide your finances. The court’s decision will be legally binding.
How We Assist With Financial Orders
Our experienced family law solicitors are well-equipped to handle a wide range of financial order matters. We provide impartial advice and guidance to help you make informed decisions about your financial future. Tann Law Solicitors can assist with the following financial order issues:
Financial Settlements: We help you negotiate fair financial settlements, ensuring that assets are divided equitably and that the financial needs of both parties are considered.
Prenuptial Agreements: Our experts provide legal advice on prenuptial agreements, ensuring they align with your best interests and are enforceable if needed.
Child Maintenance: We assist in establishing child maintenance arrangements that prioritise the wellbeing of your child and provide the necessary financial support.
Spousal Maintenance: We navigate spousal maintenance issues, ensuring that financial support is provided to the dependent party where applicable.
Property and Asset Division: We offer guidance on the fair division of properties and assets acquired during the marriage or partnership.
Business Interests: If you or your spouse/partner own a business, we can help address the financial implications, including valuation and distribution.
Why choose Tann Law?
We understand the emotional toll that financial matters can take during a divorce or separation. Our legal advisors are committed to providing a caring and supportive service that aims to minimise stress and conflict.
Our qualified family law consultants possess the expertise and experience needed to simplify the financial order process, ensuring that your rights and interests are protected.
We work diligently to achieve timely resolutions in financial matters, allowing you to move forward with your life. While the exact timeframe may vary depending on the complexity of your case, our goal is always to secure favourable outcomes as efficiently as possible.
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