There are many aspects of divorce that make it a challenging experience, but one that causes the most upheaval is the dividing of finances and assets. Clean break orders are a way for a divorcing couple to split their marital assets fairly and part ways for good, offering a simpler and more peaceful solution.
During a marriage, a couple will accumulate multiple shared bank accounts, possessions, and property. While at the time this may make life a lot easier, enabling you to afford more with two incomes and benefit from tax savings, if one day you end up getting divorced, things can get really messy. When it comes to divorce and money, hostility and court battles are often the order of the day. Both of these should be avoided at all costs.
In this post, we’ll discuss the benefits of “clean break orders” and explain why they are the best way for a couple to resolve their divorce quickly and fairly.
It Allows You to Completely Cut Ties With Your Ex
Clean break orders are a settlement that completely cut your financial ties with your spouse, once either agreed or enforced by a court. This could take the form of splitting any shared funds and selling the family home, with each party receiving a proportion.
If you want to cut ties with your former spouse in every way possible, a clean break order is your best option. Assuming no children are involved, you’ll no longer have to see or contact them ever again — if that’s what you want.
You’ll Avoid Court Hearings
Couples who can agree on the terms of the divorce will benefit from a relatively inexpensive breakup. The only costs you need worry about are the government fees for the divorce and payment for the services of a family lawyer to draft a Consent Order and have this approved by the Court. However, if there’s a dispute, you and your spouse will need to attend hearings for the court to resolve your case. If this requires multiple hearings — and, therefore, more time spent working with a divorce solicitor — the costs can quickly add up and you can expect to pay out a fairly substantial chunk of change.
Reaching an agreement will allow you to avoid court hearings altogether. A solicitor will write and present your agreement in a Consent Order on your behalf. If the court accepts the terms as suitable and fair, you are then free to finalise your divorce — without the delays, complications, messiness and hostility that often result from a legal battle.
Clean Break = Clean Slate
Post-divorce life can be tough if you’ve had to spend a significant amount of money on a lengthy, expensive divorce. Not only does it take away a large percentage of the funds needed to maintain your current lifestyle, but it can also make you vulnerable to racking up debt just to pay the bills.
Clean break orders ensure you can start your post-divorce life with a fair amount of your marital assets, giving you a stronger financial standing moving forward. Struggling financially after a divorce can have a severe impact on your day-to-day life and career, and it can even lead to depression and other mental health problems. This makes it crucial to get a fair resolution that isn’t going to cause you stress later down the line.
Are you looking for a fast and fair way to divide your marital assets without a court hearing? A clean break order could be the answer! At KMJ Solicitors, we can facilitate a clean break order and help you through every aspect of your divorce — saving you any of the stress or hassle involved. Get in touch today to schedule a FREE, no-obligation consultation.