Decree absolute: finished with finance?

Divorce and financial remedy proceedings go hand in hand as couples who are going their separate ways try to divide up their assets. But finalising your divorce does not mean that your partner can no longer make any financial claim against you. Nor does receiving your decree absolute bring any existing financial process to an end.

In short, the court will process your application for divorce but your financial involvement with your ex-partner will not be fully  resolved until the terms of any division of assets are contained within a court order. That may be some considerable time after your decree absolute is awarded. It will depend on how amicable or acrimonious the split from your partner has been, and whether you manage to reach an agreement between you or whether, in the end, the judge has to determine the outcome. It will also depend on how complicated your financial situation is.

The good news is that wherever possible and practical to do so, the court will seek an agreement that achieves a clean break so that eventually both parties can move on.

Andrew Isaacs Solicitors specializes in divorce and financial remedy proceedings. For expert advice on your divorce and your financial settlement, get in touch to arrange an appointment.