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Choosing a process for financial arrangements in divorce proceedings: what are the options and why do they work?
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In
January I wrote about practical tips for parties facing separation after the Christmas and New Year holidays and my
article in February suggested books that parents could read with children to help them cope with the impact of that January decision to separate. In March what might those same people be doing?
They will be starting to think about financial decisions they need to take and one of the first things a solicitor will discuss with them is how they want to approach sorting out financial arrangements in their divorce proceedings. This might come as a surprise to the uninitiated client. People are aware of the headline-grabbing cases in which judges sitting in the High Court decide often enormous financial settlements as in the case of
Laura Ashley boss Dr Khoo Kay Peng for example. However quite often people embarking on divorce fresh from the painful decision to separate are surprised to find that obtaining a divorce and resolving a financial agreement are two almost entirely separate things.
The divorce ends the marriage and gives the court the...
Read the full article here.
