Divorce is a difficult process, which can be emotionally and financially draining. Division of assets during divorce refers to the distribution of property following a divorce between two people who were married for at least one year before filing for divorce. When one spouse legally separates from another spouse, there is often a need for an agreement on how to divide property and debts between them.
In this post, we’re going to take a look at the ways to reach a divorce settlement and why a financial consent order could work for you.
The Different Ways to Reach a Divorce Settlement
Divorce settlements are not always easy to reach. There are different ways to reach a divorce settlement and these methods can be classified as mediation, private negotiators, and financial consent order.
A financial consent order is a type of order that finalises an agreement that both parties have come to in order to divide their assets. Getting a financial consent order could work well for you. It could be more cost-effective and less time consuming than hiring someone. The process involves submitting the agreement to court in the right form and then having a court date to finalise it.
What Happens After You’ve Submitted the Form
When you’ve submitted the form, the financial institution will send you a letter to confirm that they have received your consent. You are then free to start rebuilding your life as your ex will then go ahead and carry out their financial responsibilities, along with any that you have too.
In terms of who the financial responsibility is on, the financial consent order will establish who has what responsibility for the assets and debts that are brought into the marriage during the marriage. It can depend on what you brought into the marriage, or what you didn’t. You’ll also want to ensure that your consent order is listed to be finalised by the court.
After this, you may need to cooperate with your ex, in terms of sharing documents or supplying them if requested. As they may need to ask you for more information.
How to Get Profession Advice for Your Financial Consent Order
If you have filled a financial consent order, you may be wondering how to get professional advice on the process. The first step is to identify what type of professional advice you need. This can include legal advice, financial advice, family mediation or any other kind of professional advice on divorce mediation and settlement agreements.
Once you have identified what type of professional help you need, it is important that you find the right person who can provide that service and who will be able to advise and support you in your decision-making process.
If you’re looking for mediation in Leicester or want to be able to divorce settlement help, we can help. With family mediation, we can ensure that your divorce agreement is processed in the right way. If you want to know, get in touch with us today.