Written by Lekisha Lindo

When going through a divorce or ending a civil partnership, you and your ex-partner will need to agree on how you will separate your finances. Separating your finances includes deciding on how you will divide pensions, property, savings, and investments.

To make the process quicker, a separated couple can avoid going to court if they can reach an agreement on how they will split their finances. You can also meet with a mediator to help with resolving issues out of court. A mediator can help you and your ex-partner agree on financial divisions without taking sides. It is quicker and cheaper than asking a court to decide for you. You will need to attend a MIAM (Mediation Information Assessment Meeting) before starting mediation. If an agreement is made, you will need to apply for a consent order to make the decision legally binding.

A Consent Order is a legal document that confirms your agreement. It explains how you are going to divide assets such as pensions, property, savings, and investments and can also include maintenance payments including child maintenance. You can ask a divorce specialist or a solicitor to assist you with drafting a Consent Order and filing it to the court to approve it. Consent Order applications cost £58 for the court to deal with your paperwork.

Our family mediators and legal advisors can help you reach an agreement about the division of your finances and draft a Consent Order to send to the court for approval. Our services are useful in saving you hundreds of pounds and months to get a legally binding agreement and move on with the next phase of your life after divorce or separation.
For more information on our mediation services, call us at 01908-760298 or email us at info@bradyharvey.com.

Written by Lekisha Lindo Law LLB (Hons), Legal Assistant at Brady Harvey Legal, Law Graduate from Coventry University.