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The need to deal with financial matters when you are divorcing

Martin Astle, Director and Solicitor in Astle Paterson’s Family Department discusses the reasons to conclude the financial matters when you are in the process of getting divorced.

Martin said “As set out in a recent article by The Law Society Gazette, ‘The number of people returning to the courts to boost their divorce settlements doubled in 2014.’

There are a number of couples who fail to seek to obtain a Court Order – whether by way of an agreed settlement or where the Court decides the matter – to reach a financial agreement when they go through the divorce process.

In 2011 only 3,620 applications to the Court for financial provision were brought after the divorce process had been concluded.  However by last year, 2014, that 3,620 figure had increased exponentially to 29,060.

In most circumstances there is no limitation for an application to Court to be made – an application for a Financial Order can be made at any time, regardless of when the divorce might have been issued or was concluded.

This means, that if the divorcing couple have not dealt with their financial affairs during the divorce process a former spouse can come back – potentially many years after the marriage is dissolved – to ask the Court for monies from their former spouse.”

Martin concluded, “It is imperative that you seek to resolve the financial matters when you are involved in the divorce process itself”.

At Astle Paterson we have a number of experienced specialist family lawyers who have the knowledge and know-how to assist you through your divorce process.

Should you wish to discuss matters further with Martin Astle then please contact him on either 01283 531366 or by way of email to his secretary, Lynda Green at lgreen@astlepaterson.co.uk.

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