Finances on Divorce

A clean break order refers to a financial order which is used to cut financial ties between divorcing spouses. Obtaining a clean break affords both parties financial independence and prevents individuals from making financial claims against their ex-partner in the future.

Without a clean break order, either party is permitted to raise a claim on their ex-spouses’ assets later down the line, no matter how long since the divorce.

Our expert solicitors at Tinsdills can help clients to obtain a clean break order, to ensure that their finances are well protected, both now and in the future.

Pensions are covered under matrimonial assets, meaning that you may be legally entitled to a portion of your partners pension, or vice versa. There are various options to handle pensions during a divorce, including:

• Pension offsetting– One spouse waives the right to the others pension and gains the right to different and equivalent assets
• Pension sharing – Meaning that a percentage of one spouse’s pension is put into a separate pension scheme to benefit the other spouse
• Pension attachment– The Court orders that one spouse will receive a certain percentage of the other spouse’s pension on the regular basis

As well as advice on financial settlements, child maintenance and pensions, we can also provide specialised advice on the following divorce and finance topics:

• General advice on protecting your finances during a divorce
• Business and divorce advice, including each spouse’s entitlements to joint or individually owned businesses, and the options for dividing a business
• Support throughout the financial disclosure process
• Legal assistance if you believe that your spouse is hiding assets, or if you’ve been accused of hiding assets