Day 11 New Year Resolution – Already divorced but didn’t formally deal with your finances?

Not many people realise that even after divorce unless you have formally dealt with your finances, should you win the lottery or come into a windfall of money in some other way, your former partner is entitled to part of that financial gain. If you get your finances dealt with through a Consent Order, a clause can be inserted stating that you and your former partner will not be entitled to any financial gain either of you obtain in the future. It provides you with a clean break from one another financially. Presumably, any financial gain you make in your new life as a single person or from being in a new relationship, you don’t want to have to share it with your former partner? Make dealing with your finances formally, one of your New Year Resolutions and contact a member of the Family Department.