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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need legal advice on a fair financial settlement?

We offer a consultation with experienced family solicitor for a low fixed fee. You will receive legal advice and a written report outlining your legal position and setting out what a fair settlement would look like based on your individual circumstances.


BANK ACCOUNT

  • maz78
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22 Jun 12 #338359 by maz78
Topic started by maz78
hello i was just wandering what happens to bank accounts during financial settlement. my ex wife and i r divorced but she hasn''t claimed for financial settlement as yet. will my bank account be frozen or is this only applicable if we had a joint bank account. we only had accounts during our marriage. thanks.

  • livinginhope
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22 Jun 12 #338407 by livinginhope
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I''m recently divorced and have Consent Order in place.We had seperate bank Accounts and they were left as normal we kept using them as we wanted too,I must stress though that we reached agreement ourselves and didn''t go to Court for Settlement.We used Wikivorce for Divorce and Finances.

  • maisymoos
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22 Jun 12 #338409 by maisymoos
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I remained in control of my bank accounts and my ex his during most of court process, but yes a court can in theory freeze an account if it looks like money is being deliberately squandered.

At my FDR my ex had to sign a court order not to raise the borrowing on a account beyond a specified limit. The judge could see what he had been up to and realised action needed to be taken.

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22 Jun 12 #338410 by maz78
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thanks for your quick reply, r the accounts frozen when the court requests this or can my ex request this as soon as she makes the claim for settlement. I am assuming that since my ex is an evil woman we will not be able to settle the matter through solicitors and will have to go through courts.thanks.

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22 Jun 12 #338412 by maisymoos
Reply from maisymoos
I believe your ex would have to make an application to court to freeze an account. Sorry I don''t know the process but I assume she would need to have a good reason.

Hopefully someone with more knowledge of this will be around to help soon.

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