Many couples have opted and will continue to choose to do a 'DIY divorce' without legal representation and may not necessarily think about finances. It is important; even if there are no finances of the marriage to divide up, to have a binding Court Order in relation to financial matters. This means that neither party can make a claim against the other in the future after a binding Order has been sealed by the Court. If you are worried you have divorced but do not have a financial order in place, please do contact one of our offices to speak to a family law expert.
Couples who opted to get a cheap DIY divorce without legal representation during the financial crisis slump are now being stung after failing to arrange a settlement.Increasing numbers of former spouses are claiming for a slice of their ex-partner's recent business success, lottery wins or inheritance windfalls, family lawyer Victoria Walker of Simpson Millar claims. She adds that many opted for a cheap break-up around the recession period. 'Former couples who haven’t signed an agreement regarding their finances during the divorce risk having to share any wealth and fortunes accrued since then', the family lawyer warns.