Finances on divorce
A recent Court of Appeal case is yet another to highlight the need for divorcing couples to ‘formalise’ their financial agreement and to have it approved by the courts.
This is sometimes done through complicated court proceedings or by an agreed consent order. It can prevent any further challenges to the agreement – save for any evidence of dishonesty during the financial disclosure of either party coming to light in the future.
In the recent case of Briers v Briers this happened:
A married couple separated in 2002
They got their decree absolute on their divorce in 2005