Are Divorce Proceedings and Financial Settlement Different?

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One of the most frequent misunderstandings we encounter in family law is the belief that once a divorce is finalised, all financial ties between the parties are automatically severed. This is not the case, and it is an important distinction to understand.

Divorce proceedings and financial settlement are two entirely separate processes. Finalising your divorce legally ends your marriage, but it does not resolve or dismiss any financial claims that either party may have against the other. Your financial ties to one another remain in place until a formal financial settlement has been agreed and approved by the court.

This is why it is so important to seek legal advice in relation to financial matters as you go through the divorce process, rather than assuming that the divorce itself brings everything to a close. Without a formally agreed financial settlement, either party could still make financial claims against the other, even years after the divorce has been granted.

At Freers Askew Bunting, our family law team can guide you through both the divorce process and the financial settlement process, ensuring that your interests are properly protected at every stage. We understand that this can be a difficult and emotionally challenging time, and our team is committed to providing clear, compassionate advice to help you move forward with confidence.

If you have any questions about divorce or financial settlement, please do not hesitate to contact us.