Divorce myth #5: I do not need a financial order if I am divorced

Myth #5: I do not need a financial order if I am divorced

Myth #5: I do not need a financial order if I am divorced

This is one of the most common misconceptions. It is essential to have a legally binding consent order drawn up, ideally at the time of divorce, to reflect the agreed financial settlement. Without an order in place, all potential claims between the parties remain live, which is risky for both parties further down the line as circumstances can change significantly.

It is advisable to enter into one, even if there are no assets.

Myth #5: I do not need a financial order if I am divorced

Where possible, instruct a solicitor to draft a consent order for you to ensure that a judge ratifies the document, so that the document is legally binding for the future.

The financial order cannot be made until after the Conditional order (or decree nisi under the old-style divorce) has been made.

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