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Financial Flow Chart

A very useful financial procedure flow chart to guide you through the process for matrimonial & divorce finances.

Financial Disclosure

There should be full and frank financial disclosure with documents in support and often completed the style of Form E

Issues

The parties or a Court may need to consider the following:
The need for any valuation evidence (e.g. for a property, business and so on)
The need for any additional expert evidence (e.g. pensions, business valuations, tax and so on)
Any outstanding issues of financial disclosure

Principles

The starting point is sharing and the following factors are taken into account:
The first consideration is given to the welfare of any minor child
Income, earning capacity, property and other financial resources
The financial needs, obligations and responsibilities
The standard of living
The age of each party and the duration of marriage
Any physical or mental disability
The contributions of the parties and any relevant conduct

Procedure

For cases that proceed to Court there are commonly 3 types of hearing:
First Directions Hearing (FDA)
Financial Dispute Resolution (FDR)
Final Hearing
At any stage an agreement can be reached and a Consent Order prepared to record the terms of settlement. The timescale is commonly 6 to 12 months (and on occasions 18 months)

Financial Orders

When weighing up the relevant factors, the Court can award a financial settlement based on:
A lump sum of money
An order for sale of a property or transferring rights in it
Maintenance
Pensions

Our Specialist Solicitors

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James Maguire

Managing Director

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Henry Venables

Director

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Denise Moran

Director

Our Blog

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